The EU bank supports the transformation of Pardubice with CZK 2 billion
The Czech region receives financial help to improve transport, health, education, culture infrastructure
- June 12, 2020 17:30
- Aseniya Dimitrova
Pardubice region will be getting substantial financial support from the European Union aimed to transform its transport, healthcare, education and culture sectors and improve energy efficiency. The Czech region struck an important agreement with the European Investment Bank (EIB), which grants it a loan of CZK 2 billion or 79.3 million in euro, announced the financial institution earlier this week.
13 years of European support to the regional infrastructure
The EU bank’s loan, together with other EU grants will help Pardubice advance forward with its investment programme of 223 million euro. The investment is distributed as follows: for transport 45%, for healthcare 37%, for culture 9%, and another 9% for energy efficiency and education.
Ideally, the funding will help solve some of the persistent issues with the lower-class roads’ safety and quality. Additionally, some key public buildings will be renovated. This includes the construction of a central emergency reception pavilion with the centralisation of acute operations of the hospital, construction of a new hospital building for Moravská Třebová aftercare hospital.
The Pardubice Castle and Winternitz automatic mills will also be reconstructed, as well as the roofs of Grammar School Policka. Upgrades of Higher Professional School of Education and Teacher´s Training School in Litomyšl and Secondary Medical School in Svitavy are also previewed.
“The EU bank’s support for intra-regional connectivity, road safety and healthcare in the region will contribute substantially to better living standards and competitiveness”, said EIB Vice-President Lilyana Pavlova. “In light of the COVID-19 crisis, we are pleased to be able to dedicate more than a third of the financing under this new operation with the Pardubice Region to a healthcare infrastructure upgrade. We also welcome plans to modernise public facilities for culture and education, which are in line with EU’s regional development and cohesion policy priorities” she concluded.
So far, the Czech region has received some EUR 202 million to upgrade its infrastructure. The current loan is the fourth EIB operation in Pardubice in 13 years.
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