Hungary may draw down the remaining tranches of the 25-year loan until 2020, Hornung said. The drawdowns do not have to coincide with project financing, she added.
The credit will be used to fund road developments that are ineligible for European Union funding because they are not part of the TEN-T network, which aims to close the gaps between member statesʼ transport networks.
The €140 mln loan is the first installment of a €500 mln credit line from the EIB that Hungary signed for yesterday.
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