The European Investment Bank (EIB) announces a loan of EUR 640 million (FRF 4.2 billion to Caisse Nationale des Autoroutes (CNA) in support of projects being undertaken by the semi-public motorway concession-holders (SEMCAs) to improve traffic conditions and safety on the French motorway network.
These schemes form part of the French public motorway companies' 1999-2001 programme of additional investment for motorways already in use, the level of which is considerably up on previous years. They are designed primarily to enhance traffic conditions and the quality of services provided to motorway users throughout virtually the entire network, notably by constructing extra lanes and increasing the capacity of the main toll areas. They will also help to improve road safety by the [...]