EIB Commits €250 Million for Second Rail Track in Slovenia to Boost Transport Network

EIB Commits €250 Million for Second Rail Track in Slovenia to Boost Transport Network

(IN BRIEF) The European Investment Bank (EIB) has signed a €250 million loan agreement with 2TDK Družba za razvoj projekta d.o.o (2TDK) to support the construction of a second rail track in Slovenia, a vital component of the Baltic-Adriatic-Mediterranean Trans-European Transport Network (TEN-T) rail corridor. The new 27 km railway line between Divača and the port of Koper will enhance capacity and access to the port, benefiting the central and southeastern European freight market. This project is expected to reduce emissions by around 49,000 tonnes of CO2 per year, create approximately 13,000 jobs during construction, and improve sustainable transport options in line with EU climate and sustainability goals.

(PRESS RELEASE) LUXEMBOURG, 9-Dec-2023 — /EuropaWire/ — The European Investment Bank (EIB) has signed a €250 million loan agreement with 2TDK Družba za razvoj projekta d.o.o (2TDK) to co-finance the construction of the second rail track in Slovenia. The loan agreement was signed by EIB Vice-President Kyriacos Kakouris and 2TDK General Manager Matej Oset and Director Marko Brezigar at the Slovenian Ministry of Infrastructure, in the presence of Minister Alenka Bratušek.

The project set to receive EIB financing is integral to the development plans for the core Baltic-Adriatic-Mediterranean Trans-European Transport Network (TEN-T) rail corridor. A new 27 km single-track railway line between Divača and the port of Koper will add capacity to the existing single track, which can no longer accommodate current and expected future demand.

The operation will thus improve rail access to the port of Koper, which is one of five ports in the North Adriatic Ports Association (NAPA) serving the central and southeastern European freight market. Projections indicate emissions savings of approximately 49 000 tonnes of CO2 equivalent per average operating year.

The project will help boost employment by creating about 13 000 jobs during construction and around 60 during operation, primarily in project management, infrastructure maintenance and traffic management.

EIB Vice-President Kyriacos Kakouris said: “The project will deliver cost efficiencies, enhance road safety and offer environmental benefits. As the EU climate bank, we recognise the increasing significance of railway transport in the transition away from road traffic, a major contributor to heightened pollution levels, underscoring the urgent need for sustainable transport solutions. It aligns seamlessly with EU transport policy and the Green Agenda, and contributes significantly to the Sustainable Development Goals.”

The EIB loan will provide favourable financing terms and conditions and will be supplemented with financing from the Connecting Europe Facility and Cohesion Funds, which was also facilitated by the EIB advisory services’ involvement in project preparation (via JASPERS).

2TDK Director Marko Brezigar said: “In 2019, we initiated the process by securing approval for the loan from the EIB Board of Directors. Over the past four years, we have submitted extensive documentation demonstrating 2TDK’s transparent and cost-effective management of the second rail track project. We are pleased that the Bank has acknowledged the significance of the project, not only for Slovenia but also for the broader region.”

Infrastructure Minister Alenka Bratušek said: “Today’s contract signing for the second rail track project is a major milestone, putting it firmly on the path to success. I am delighted that we are now finalising this crucial step that will significantly enhance project financing. The addition of a second rail line between Divača and Koper is pivotal for enhancing connectivity in the broader European region, and will contribute to increased competitiveness and population mobility. Slovenia is benefiting from a very long-term loan with favourable conditions from the EIB, our shared financial institution. This collaboration underscores the EIB’s commitment to its development mission, reinforcing the positive impact of our partnership.”

Media Contact:

Tina Drolc
t.drolc@ext.eib.org
+3524379-76220

Press Office

press@eib.org
+352 4379 – 21000

SOURCE: European Investment Bank