Luxembourg, 27/06/2002 (Agence Europe) - The European Investment Bank (EIB) is to contribute to the funding, in Sweden, of two road projects that will contribute to reducing traffic jams in the regions of Gothenburg and Stockholm. The first loan, of SEK 600 million - 65 million euro - is for the "Gotaleden" project, involving the upgrading of a busy urban road in the centre of Gothenburg. It is the first tranche of a total facility of SEK 1.6 bn (174 mio euro) approved by the EIB for the project. The second loan concerns the southern link of the Stockholm Ring Road, representing the third tranche of the approved EIB facility totalling SEK 4 billion (436 mio euro). In both cases, the beneficiary is Vagverket, Swedish National Road Administration.