EIB lends Poland 1 billion euros for motorway

Newswire

BRUSSELS, June 30 (Reuters) - The European Investment Bank is lending Poland 1 billion euros ($1.4 billion) to complete the construction of an east-west motorway, the European Union's financing arm said on Tuesday. The loan will cover nearly 63 percent of the project, being carried out by Autostrada Wielkopolska, in which privately owned Polish company Kulczyk Holding has the biggest stake. Bank Zachodni WBK , a Polish bank controlled by Allied Irish Banks , owns a minority stake in the ...

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