Lower House agrees to take loan to complete D8 motorway

The lower house of parliament has approved a government proposal to get a loan from the European Investment Bank (EIB) for the completion of the D8 motorway, connecting the Czech Republic with Germany. The 12 billion crown loan would cover sixty percent of the cost of construction and is to be paid back within 25 years' time. The cabinet hopes to sign the loan contract with the EIB in September. The government proposal is yet to be approved by the senate and signed by the president.