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EIB approves 250 mln euro loan for Slovenia's Divaca-Koper railway project

EIB approves 250 mln euro loan for Slovenia's Divaca-Koper railway project Author: Bulgarian transport ministry / All rights reserved.

LJUBLJANA (Slovenia), May 16 (SeeNews) – The European Investment Bank's (EIB) board of directors has approved a loan of up to 250 million euro ($280 million), to be used to finance the construction of a second track of the Divaca-Koper railway in Slovenia, the bank told SeeNews on Thursday.

The EIB and the project promoter, Slovenia’s state-run company 2DTK, will now move on to a new phase - legal and technical discussions, and work to finalise and sign the contract, the EIB said in a statement e-mailed to SeeNews.  

“The actual signature and disbursement of the loan will then depend on the promoter meeting the agreed operational milestones. The EIB looks forward to working with our partners to foster economic and social growth in Slovenia,” the statement added.

Luka Koper, the company operating the Adriatic port of Koper, said in January that the second railway track to Divaca is planned to be completed by 2025 and begin operations the following year. The new, 27-kilometre long track and the existing track will offer a combined capacity of 231 trains per day or 43.4 million net tonnes of cargo per year, the company said.

($ = 0.89253 euro)

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