Loans from the EIB

Dept 20 - Debt and Financial Assets Management Department
Dept 20 - Debt and Financial Assets Management Department

Published

  • State Debt
Updated 4-7-2016 2:00 PM
  • Updated data - Loans from EIB - as of March 31, 2013
  • Updated data - Loans from EIB - as of June 30, 2013
  • Updated data - Loans from EIB - as of September 30, 2013
  • Updated data - Loans from EIB - as of December 31, 2013
  • Updated data - Loans from EIB - as of March 31, 2014
  • Updated data - Loans from EIB - as of June 30, 2014
  • Updated data - Loans from EIB - as of September 30, 2014
  • Updated data - Loans from EIB - as of September 30, 2014
  • Updated data - Loans from EIB - as of December 31, 2014
  • Updated data - Loans from EIB - as of March 31, 2015
  • Updated data - Loans from EIB - as of June 30, 2015
  • Updated data - Loans from EIB - as of September 30, 2015
  • Updated data - Loans from EIB - as of December 31, 2015
  • Updated data - Loans from EIB - as of March 31, 2016
  • Update of the representation in the Governing Bodies
  • Updated data - Loans from EIB - as of June 30, 2016

Basic Information

European Investment Bank (EIB) – is an autonomous body of the EU created in order to finance investment projects contributing to EU objectives. EIB was founded in Brussels in 1958 by the Treaty of Rome and has its seat in Luxembourg.

The Czech Republic and the EIB

  • The Czech Republic representative in the Board of Governors is the Minister of Finance Andrej Babiš.
  • The Czech Republic representative in the Board of Directors is the Department Director of the Ministry of Finance Petr Pavelek.
  • The Department Director of the Ministry of Finance Miroslav Matej is an observer in the Audit Committee.  
  • The Czech Republic‘s share on EIB’s subscribed capital is 0.761% (1 851 369 500 EUR) of the EIB total subscribed capital (243 284 154 500 EUR). Last capital increase came into force on 1 July 2013 and related to the Croatia’s accession to the EU.

EIB Loans

From 1992 to 30 June 2016 EIB and the Czech Republic signed loan contracts in total amount approx. EUR 17 532m, i.e. CZK 473bn (exchange rate 27 CZK/EUR) in the following structure:

Loans to Czech Republic as a Sovereign

  • Sovereign loans signatures amount approx. EUR 5 014m::
    • Direct loans to state – approx. EUR 3 504m ( EUR 1 245m + CZK 61bn)
      • As at 30 June 2016 amount drawn – approx. CZK 89 bn., i.e. EUR 3 296m (exchange rate 27 CZK/EUR),
    • Loans to Czech-Moravian Guarantee and Development Bank with state guarantee in the total amount EUR 950m.
      • Drawn amount - EUR 950m,
    • Loans to Czech Railways Administration with state guarantee in the total amount EUR 560m.
      • Drawn amount - EUR 560m.
Direct loans to state and respective projects:
Project Basic Information
Czech Motorways - B date of signature: 26 November 2001
(Act No. 46/2002 Coll.) loan amount: EUR 170m
drawn: CZK 4 945 386 000 (EUR 170m)
redeemed: CZK 3 001 354 763
estimated total project costs (A+B parts of project): EUR 810m
project objective: construction of 6 motorway sections along the D8, D11, R1 a R35
Masaryk University Brno date of signature: 27 May 2002
(Act No. 197/2002 Coll.) loan amount: EUR 95m
drawn: CZK 2 713 727 000 (EUR 95m)
redeemed: CZK 1 093 351 439
estimated total project costs: EUR 190.3m
project objective: construction of new university campus and reconstruction of existing buildings
Flood Prevention Project date of signature: 28 May 2002
(Act No. 123/2002 Coll.) loan amount: EUR 60m
drawn: CZK 1 793 258 835 (EUR 60m)
redeemed: CZK 1 074 879 346
estimated total project costs: EUR 124.5m
project objective: preparation and construction of flood prevention measures of the 1st phase of Czech National Flood Prevention Strategy
Plzeň Motorway By-Pass Project date of signature: 27 June 2002
(Act No. 274/2002 Coll.) loan amount: EUR 210m
drawn: CZK 6 567 597 000 (EUR 210m)
redeemed: CZK 2 556 108 752
estimated total project costs: EUR 420m
project objective: construction of the ring road around Pilsen – motorway section of D5 (Ejpovice - Sulkov)
Floods 2002 Damage Reconstruction Project date of signature:  20 December 2002
(Act No. 574/2002 Coll.) loan amount: EUR 400m (CZK 60m undrawn based on project savings)
drawn: CZK 10 806 183 000 (EUR 340m)
redeemed: CZK 8 100 000 000
estimated total project costs: EUR 400m
project objective: reconstruction of public infrastructure damaged by floods in 2002
Praha South-West Ring Road Project – A date of signature: 27 July 2004
(Act No. 314/2004 Coll.) loan amount: EUR 200m
drawn: CZK 5 176 780 000 (EUR 200m)
redeemed: CZK 1 624 688 000
estimated total project costs (project parts A+B): EUR 635m
project objective: construction of South-West part of the Prague Ring Road (Slivenec – Jesenice)
Praha South-West Ring Road Project – B date of signature: 22 September 2005
(Act No. 314/2004 Coll.) loan amount: EUR 110m
drawn: CZK 2 793 824 000 (EUR 110m)
redeemed: CZK 2 145 149 000
estimated total project costs (project parts A+B): EUR 635m
project objective: construction of South-West part of the Prague Ring Road (Slivenec – Jesenice)
Czech Motorways II - A D8 Project - AFI date of signature: 23 September 2004
(Act No. 472/2004 Coll.) loan amount: CZK 8bn
drawn: CZK 8 000 000 000
redeemed: CZK 0
estimated total project costs (project parts A+B): CZK 20.74 bn
project objective: construction of part of D8 motorway (Trmice – state border)
Czech Motorways II - B D8 Project - AFI date of signature: 22 September 2005
(Act No. 472/2004 Coll.) loan amount: CZK 4bn
drawn: CZK 4 000 000 000
redeemed: CZK 0
estimated total project costs (part A+B): CZK 20.74bn
project objective: construction of part of D8 motorway (Trmice – state border)
Water Sector Framework Loan II date of signature: 22 June 2006
(Act No. 232/2006 Coll.) loan amount: CZK 3bn
drawn: CZK 3 000 000 000
redeemed: CZK 1 650 000 000
estimated total project costs: CZK 12bn
project objective: construction and renewal of water and waste water infrastructure – EU directives No. 91/271/EEC and 98/83/EC
Accelerated Flood Prevention 2006 date of signature: 11 December 2006
(Act No. 572/2006 Coll.) loan amount: CZK 9bn
drawn: CZK 8 936 000 000
redeemed: CZK 2 800 000 000
estimated total project costs: CZK 15.2bn
project objective: another implementation phase (2007 – 2012) of Czech National Flood Prevention Strategy
S&CF Transport Framework Facility - A date of signature: 13 December 2007
(Act No. 134/2008 Coll.) loan amount: CZK 14bn
drawn: CZK 12 600 000 000
redeemed: CZK 4 200 000 000
estimated total project costs (A+B+C): CZK 225bn
project objective: covering of national co-financing of projects within OP Transport (2007 – 2013)
S&CF Transport Framework Facility - B date of signature: 18 December 2008
(Act No. 134/2008 Coll.) loan amount: CZK 10bn
drawn: CZK 8 344 017 000
redeemed: CZK 2 800 000 000
estimated total project costs (A+B+C): CZK 225bn
project objective: covering of national co-financing of projects within OP Transport (2007 – 2013)
Water Sector Framework Loan III date of signature: 6 August 2009
(Act No. 94/2009 Coll.) loan amount: CZK 3bn
drawn: CZK 3 000 000 000
redeemed: CZK 400 000 000 bln
estimated total project costs: CZK 9.32bn
project objective: construction and renewal of water and waste water infrastructure programmes (third phase)
S&CF Transport Framework Facility - C date of signature: 23 July 2010
( Act No.. 134/2008 Coll.) loan amount: CZK 10bn
drawn: CZK 6 180 000 000
redeemed: CZK 0
estimated total project costs (A+B+C): CZK 225bn
project objective: covering of national co-financing of projects within OP Transport (2007 – 2013)
  • Loan contracts signed by the Minister of Finance (authorized by the respective act)
  • As at: 30 June 2016

Loans to regions and municipalities

  • Loans to regions and municipalities in the total amount approx. EUR 2 411m:
    • Pardubice Region EUR 118m
    • Moravian-Silesian Region EUR 118m
    • South Moravian Region EUR 128m
    • Zlin Region EUR 134m
    • Olomouc Region EUR 137m
    • South Bohemian Region EUR 81m
    • Vysočina Region EUR 37m
    • Prague EUR 1 077m
    • Pilsen EUR 130m
    • Brno EUR 202m
    • Ústí nad Labem EUR 34m
    • Ostrava EUR 155m
    • Olomouc (city) EUR 59m
  • Loans are negotiated between the EIB and respective municipality.

Loans to private sector

Loans to private sector in the total amount approx. EUR 10 107m

Detail Information about the Loans granted in the Czech Republic: