The European Investment Bank

Department 20 – Management of National Debt and Financial Assets
Department 20 – Management of National Debt and Financial Assets

Published

  • State Debt
Updated 12-7-2022
  • Updated data - Loans from the EIB - as of January 31, 2020
  • Update of the CR's share of the EIB's subscribed capital
  • Updated data - Loans from the EIB - as of April 30, 2020
  • Updated data - Loans from the EIB - as of June 23, 2020
  • Updated data - Loans from the EIB - as of September 30, 2020
  • Updated data - Loans from the EIB - as of December 31, 2020
  • Updated data - Loans from the EIB - as of April 30, 2021
  • Updated data - Loans from the EIB - as of June 30, 2021
  • Updated data - Loans from the EIB - as of September 30, 2021
  • Updated data - Loans from the EIB - as of December 31, 2021
  • Updated data - Loans from the EIB - as of January 31, 2022
  • Updated data - Loans from the EIB - as of March 31, 2022
  • Updated data - Loans from the EIB - as of June 30, 2022

Basic Information

The European Investment Bank (EIB) is an autonomous body of the EU created 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 to the Board of Governors is the Minister of Finance Mr Zbyněk Stanjura.
  • The Czech Republic representative to the Board of Directors is the Director of Debt and Financial Assets Management Department Mr Petr Pavelek.
  • The Czech Republic‘s share of the EIB’s subscribed capital is 0.89% (2 206 922 328 EUR) of the EIB‘s total subscribed capital (248 795 606 881 EUR). The last capital increase came into force on 1 March 2020 and was related to an asymmetric capital increase by Poland and Romania.

EIB Loans

From 1992 to 30 June 2022 EIB and the Czech Republic signed loan contracts in total amount of approx. EUR 24 bn, i.e. CZK 600bn (exchange rate 24,860 CZK/EUR) in the following structure:

Loans to the Czech Republic as a Sovereign

  • Sovereign loans signatures amount approx. EUR 5 993m:
    • Direct loans to state – approx. EUR 4 483m (in contractual currency EUR 1 245m + CZK 80.5bn)
      • Drawn amount– approx. CZK 89bn, i.e. EUR 3 580m (exchange rate 24,860 CZK/EUR),
    • Loans to Národní rozvojová banka, a.s. with state guarantee in the total amount of EUR 950m.
      • Drawn amount - EUR 950m,
    • Loans to Czech Railways Administration with state guarantee in the total amount of 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 4 945 386 000
  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 2 020 193 026
  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 1 793 258 835
  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 4 747 059 112
  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 (EUR 60m undrawn based on project savings)
  drawn: CZK 10 806 183 000 (EUR 340m)
  redeemed: CZK 10 406 183 000
  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 5 176 178 000 (EUR 200m)
  redeemed: CZK 4 013 440 308
  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 2 793 824 000
  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 8 000 000 000
  estimated total project costs (project parts A+B): CZK 20.74bn
  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 3 860 000 000
  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 2 600 000 000
  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 5 926 000 000
  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 4 760 000 000
  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 1 155 000 000
  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 3 930 000 000
  estimated total project costs (A+B+C): CZK 225bn
  project objective: covering of national co-financing of projects within OP Transport (2007 – 2013)
   
Czech Railway Infrastructure Rehabilitation date of signature: 28 March 2019
(Registr smluv). loan amount: CZK 11,5bn
  drawn: CZK 0
  redeemed: CZK 0
 

estimated total project costs: CZK 24bn

 

project objective: railway infrastructure modernisation on eight sections of railway corridor Prague – Brno – Přerov – Ostrava – Petrovice u Karviné - Polish border

Czech Agriculture - Water Management date of signature: 18 June 2020
(Registr smluv). loan amount: CZK 8bn
  drawn: CZK 0
  redeemed: CZK 0
 

estimated total project costs: CZK 16bn

 

project objective: covering of national co-financing of water management projects (2020 - 2025)

  • Loan contracts signed by the Minister of Finance (authorized by the respective act)

Loans to regions and municipalities

  • Loans to regions and municipalities in the total amount of approx. EUR 2 730m:
    • Pardubice Region EUR 269m,
    • Moravian-Silesian Region EUR 118m,
    • South Moravian Region EUR 288m,
    • Zlin Region EUR 134m,
    • Olomouc Region EUR 137m,
    • South Bohemian Region EUR 81m,
    • Central Bohemia Region EUR 117m
    • Vysočina Region EUR 37m,
    • Prague EUR 986m,
    • Pilsen EUR 113m,
    • Brno EUR 202m,
    • Ústí nad Labem EUR 34m,
    • Ostrava EUR 155m,
    • Olomouc EUR 59m,
  • Loans are negotiated between the EIB and the respective municipality.

Loans to the private sector

Loans to the private sector in the total amount of approx. EUR 15 412m

Detail Information about the Loans granted in the Czech Republic: