The European Investment Bank (EIB) is providing €264 million ($312 million) to support the construction of a 31-kilometer (19-mile) section of the A49 motorway in Germany.
The new section, known as Schwalmstadt-Ohmtal Dreieck, is located in the German state of Hesse and bridges a current gap in the motorway network.
The 30-year long-term loan from the EIB is backed by a guarantee from the European Fund for Strategic Investments (EFSI). Under the investment plan for Europe, the EIB and the European Commission are working together as strategic partners to boost the competitiveness of the European economy.
The A49 contract was awarded to the European construction technology group STRABAG SE through its subsidiary STRABAG Infrastrukturprojekt GmbH. STRABAG Infrastrukturprojekt GmbH and Meridiam Investments SAS each hold 50 percent of the SPV A 49 Autobahngesellschaft mbH & Co. KG. In addition to the expansion, the project also includes the planning, co-financi
