06/01/2014 (Agence Europe) - Loan to improve Spanish road network. In December last year, the European Investment Bank (EIB) granted a €465 million loan for investment in improving road safety and rehabilitating Spain's national road network. The loan will finance various infrastructure works including the construction of bypasses and access roads and the upgrading and widening of national roads. The schemes financed by this loan come under Spain's 2012-2014 Infrastructure, Transport and Housing Plan. Some of the roads concerned also form part of the trans-European transport network (TEN-T) and will therefore also receive financing from the EU Cohesion and Structural Funds. The EU contribution, including the EIB loan, will cover around 59% of the total investment. (OL/transl.fl)