Croatia parliament to vote on EUR 200mn loan from EIB.

By bne IntelliNews November 8, 2010
The Croatian parliament will vote on the ratification of a EUR 200mn financing agreement with the European Investment Bank, news agency HINA informed. The funding will be used to cover the participation on behalf of the state in approved projects, co-financed by the EU pre-accession funds ISPA and IPA. The aggregate value of the project is estimated at EUR 816.mn, of which EUR 593.2mn will be provided by the EU funds, EUR 200mn by the EIB, and the remainder (EUR 23.3mn) - by other sources. The EIB loan will have a repayment term of 25 years and a grace period of 5 years. The financial resources have to be utilised by end-September 2015.

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