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Sector
Industrials
Size
Small Cap
Market Cap £247.5m
Enterprise Value £260.7m
Revenue £181.7m
Position in Universe 126th / 646

Slovenia secures 250 mln euro EIB loan for railway line

Wed 15th May, 2019 3:41pm
LJUBLJANA, May 15 (Reuters) - The European Investment Bank
(EIB) on Wednesday approved a 250-million-euro loan ($279.70
million) to Slovenian state-owned firm 2TDK for a new railway
line between the city of Divaca and the Adriatic seaport Luka
Koper  LKPG.LJ , the EIB said.
    The loan for the 27-kilometre line will be granted provided
that Slovenia backs it with a state guarantee. 2TDK is the
company in charge of the project.
    The total value of the investment, which will be one of the
largest in Slovenia in the coming years, is estimated at about
1.2 billion euros.
    Construction is expected to be completed by the end of 2025.
The new line will connect with the line that runs to the capital
Ljubljana and is expected to increase the competitiveness of the
 state-owned port. 
    
($1 = 0.8938 euros)

 (Reporting By Marja Novak; Editing by Kirsten Donovan)
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))
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