Motorway all the way to Dubrovnik to be completed

Croatia

Croatian motorways (HAC) have secured 1.3 billion euros for the completion of the entire motorway to Dubrovnik on its southern coast, daily Jutarnji list has revealed. 

Croatian motorways are expected to sign a refinancing agreement for a loan of 1.572 billion euros with ten Croatian banks by September 30 of this year. It has been confirmed by HAC to Jutarnji list that they will also sign an agreement with seven Croatian banks for a new loan of 600 million euros.

Through this refinancing and new borrowing, they will secure funds of 1.35 billion euros for the completion of the motorway from Metković to Dubrovnik, as well as from Križišće to Žuta Lokva.

Furthermore, HAC says that this will ensure approximately 35 million euros annually for regular investment maintenance of the motorways and the operational functioning of the company. 

Solid red line current motorway – Metković to Dubrovnik is unjoined red line at end of southern coast – Križišće to Žuta Lokva is unjoined purple line on the southern coast (Map credit: Kroatien Autobahnen (Karte).svg: Jeremiah21/ Minestrone/CC BY-SA 3.0)

According to available information, the agreement with the banks regarding refinancing and the new loan is nearing completion.

The government is determined to construct the motorway through Croatia to Dubrovnik, as well as the one from Križišće to Žuta Lokva. 

Dubrovnik

By completing the motorway to Dubrovnik and the one from Križišća to Žuta Lokva, the highway network in Croatia would be fully constructed. From 2000 until today, HAC has invested approximately 7.5 billion euros in the construction of the motorway network, and so far, about 50 percent of the constructed motorway have been repaid.