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| ASF obtains financing from the European Investment Bank Société des Autoroutes du Sud de la France (ASF) and the European Investment Bank (EIB) have signed a financing agreement for €250 million. The contract is to fund investments underway by ASF and its subsidiary Escota to improve motorway safety and protection of the environment and to upgrade security to comply with standards for 17 tunnels on the A8 motorway. These investments, for a global amount of some €700 million, are part of the Program Contracts signed by ASF and Escota with the French State. The financing granted by the EIB is in the form of a credit line to be used between now and the end of 2009 and to be repaid at the latest in 2028. write your comments about the article :: © 2008 Construction News :: home page |