The European Investment Bank (EIB) and Bank Gospodarstwa Krajowego (BGK), the Polish Development Bank, announced an agreement on 21 March to finance construction of the Łagiewnicka Route, part of the Kraków inner southern by-pass in order to reduce congestion in Kraków. This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI). The EFSI is the central pillar of the European Commission's Investment Plan for Europe, the so-called “Juncker Plan”. The PLN 400 million (approx. EUR 93 million) loan makes the EIB the major lender supporting this project, with the BGK providing additional support of PLN 298 million (some EUR 69.3 million). On 28 March, the Investment Plan also backed a EUR 280 million EIB loan agreement to help finance upgrades to 14 regional airports in Greece. The airports served a total of about 25.2 million passengers in 2016.