The European Investment Bank (EIB) and the Region of South-Bohemia yesterday signed a CZK 1100 m (EUR 44 m) finance contract to support further infrastructure investment in the region. The loan will allow South-Bohemia to invest in the region’s road network, under the Regional Operational Programme. It will be the European Investment Bank’s second operation with the Region of South-Bohemia.
The project includes road rehabilitation or investment in new roads to improve the network managed by the region. South-Bohemia has identified schemes to be co-financed by the EIB loan. These projects will be partly financed by the European Union’s Cohesion Fund. The region is increasing further its capital expenditure programme for a better transport infrastructure.
South-Bohemia’s rich cultural and natural heritage attracted increased numbers of tourists in recent years. However, most cultural attractions still lack adequate infrastructure and services. The EIB loan will also support rehabilitation and modernisation of the Museum of South-Bohemia. Upgrading of the museum, one of the oldest in the Czech Republic will include interactive teaching tools and improved presentation of the collection of regional artefacts.
Background information:
The EIB is the European Union’s bank. Its purpose is to promote the EU’s objectives by providing long-term loans for viable projects.