Croatia signs EUR 23.2mn worth of EIB loans for three waste management projects.

By bne IntelliNews January 18, 2012
Croatia's finance ministry has signed loan agreements worth EUR 23.2mn with the European Investment Bank (EIB) for the financing of three waste management projects, news agency HINA reported. The loans have a 20-year repayment period, a five-year grace period and an interest rate of below 4%. The projects envisage the construction of three waste management centres - the Bikarac centre in Sibenik, the Kastijun centre in Istria, and the Mariscina centre in Rijeka. The projects will help the country continue establishing an integrated waste management system, which has to be completed by end-2018. The establishment of the system is estimated to cost about EUR 3.2bn. The country expects to secure 25% of the funding from the EU.

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