In Croatia, a highway will be built from Križišće to Žuta Lokva and from Dolov to Dubrovnik, the Croatian government confirmed.
The highway to Dubrovnik will also connect the far south of the country with the rest of Croatia, and the highway between Križišće near the bridge to Krk and Žuta Lokva in Lika will connect the Dalmatian highway with the Kvarner area.
A few days ago, the Croatian government approved new credit borrowing by Hrvatske autoceste (Hac), which will also be used to build the long-awaited highway from Križišće to Žuta Lokva and from Dol to Dubrovnik.
The Croatian Minister of Maritime Affairs, Transport and Infrastructure, Oleg Butković, announced that they had made a decision to refinance existing loans and take out a new loan for 600 million euros in order to be able to fully build the Adriatic-Ionian corridor through Croatia.
Hac, which manages the largest part of the highways in the country, will refinance for 2.172 billion euros of credits in addition to the lease of 600 million euros.
The company will sign contracts with 11 Croatian banks by the end of the month. According to the Croatian newspaper Jutarnji list, the repayment period for the loans that will be refinanced is until 2030. Haco’s current debt is 2.96 billion euros, and it plans to repay all loans by 2040.
The state plans to complete the highway network by 2030. HAC has invested around 7.5 billion euros in the construction of the highway network since 2000 and has paid off about 50 percent of the highways built. Last year, the company generated 349.3 million in revenue.