EIB lending for the Czech Operational Programme Transport 2007-2013

The Operational Programme Transport 2007-2013 is expected to provide EUR 5.8 billion for transport projects in the Czech Republic. Of this amount, up to EUR 1.3 billion should come from the EIB via the Structural and Cohesion Funds Transport Framework Facility for 2007-2013, with some 55 percent earmarked for investments in new motorway corridors and the rest for upgrades to existing rail corridors. An analysis of the OP project showed many cases of misuse of the public funding. This particular briefing shows that the EIB should significantly improve its quality control mechanism for evaluating their investments and to prevent corruption or the mismanagement of funds.