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WORLD BANK GRANTS USD156.5 MLN LOAN FOR RIJEKA GATE PROJECT

WASHINGTON, July 9 (Hina) - The World Bank approved a US$156.5 million loan for the Rijeka Gate project on Tuesday, the bank said in a statement.
WASHINGTON, July 9 (Hina) - The World Bank approved a US$156.5 million loan for the Rijeka Gate project on Tuesday, the bank said in a statement. #L# The loan for a 15-year period with a five-year grace was granted by the International Bank for Reconstruction and Development, which is part of the World Bank. The main objective of the project is to increase Croatia's competitiveness in trade by modernising Rijeka's harbour, privatising its ventures, and modernising its road connections in view of upgrading international cargo and passenger transport through the Rijeka Gate, the World Bank said. (hina) ha

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