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LJUBLJANA: The European Investment Bank (EIB) on Wednesday approved a 250-million-euro loan ($279.70 million) to Slovenian state-owned firm 2TDK for a new railway line between the city of Divaca and the Adriatic seaport Luka Koper, the EIB said.
The loan for the 27-kilometre line will be granted provided that Slovenia backs it with a state guarantee.
2TDK is the company in charge of the project.
The total value of the investment, which will be one of the largest in Slovenia in the coming years, is estimated at about 1.2 billion euros.
Construction is expected to be completed by the end of 2025.
The new line will connect with the line that runs to the capital Ljubljana and is expected to increase the competitiveness of the state-owned port.
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