EU funds for roads - CEDR

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8. Use of EIB loans (+ other contributions)
for road projects’ financing Yes □No Yes □No
Use of loans from other financing institutions
(please specify) (7) (7)
9. Comments/clarifications on the above:
(1) This is an estimation of the total cost of projects co-financed by EU funds. Private
funds are also included (used for road projects constructed under concession contracts).
(2) This is an estimation of the EU funds engaged for road projects. They include funds
from the ERDF, CF, and TEN-T for all road categories and all types of projects
(interventions). A major part of the funds for the period 2007–2013 have not yet been
engaged to specific projects.
(3) All amounts are in current prices (i.e. they refer to the years they were incurred).
(4) These percentages are the result of the decision not to exhaust the maximum
percentage of EU fund contributions for all road projects. This approach resulted in
bigger national contributions, so that more projects could be constructed. On the other
hand, the percentage of EU funds’ contribution could not be high for the projects
generating revenues (e.g. tolled motorways).
(5) Upgrading and/or improvement of the safety features of the roads.
(6) For example: Land expropriations (up to the 10% of the total cost of the road project),
archaeological surveys, outsourced project/construction management etc.
(7) Loans from commercial banks are also used (by the existing six concessionaires and
by the EGNATIA S.A. The latter is a state company operating under private law, having
the responsibility of construction, maintenance, and operation of the ‘Egnatia Odos’, a
new 670-km motorway).
10. Comments on the use of EU funds (difficulties encountered, proposals for improvement of
their use etc.)
Date: 17-03-2009
Name: Sarantis A. Pantelias
Title: Technical advisor MEPPPW
EU funds for roads