The World Bank is set to loan Poland €150m for a project mainly concerned with road maintenance and renovation work. Representatives of the World Bank and the Polish authorities signed a contract in Warsaw this week.

This is the third in a series of annual loans granted by the World Bank to support implementation of a government road works programme. The loan will finance 48% of the total costs of the project, estimated to be worth €313m. The remaining costs will be covered by the state budget and the European Investment Bank.