ZAGREB, Nov 18 (Hina) - Zagreb city authorities and representatives +of the European Bank for Reconstruction and Development (EBRD) on +Wednesday signed a contract on a DM168-million loan for the +sanitary improvement of the city's
largest waste disposal site, +Jakusevac.+ Improvement works will be carried out by the newly-founded Zagreb +company ZGOS Ltd. The loan will be paid back over a period of 12 +years, with a four-year grace period and loan costs - the LIBOR and +an interest rate of 2.05 per cent. + Zagreb Mayor Marina Matulovic-Dropulic described the loan +conditions as very favourable.+ The project is co-financed by the French-Belgian bank Dexia, which +has the same loaning conditions as the EBRD. Namely, the loan +includes DM97 million granted by the EBRD and another DM72 million +granted by a group of banks, headed by the Dexia bank.+ The sanitary reorganisation of the Jakusev
ZAGREB, Nov 18 (Hina) - Zagreb city authorities and representatives
of the European Bank for Reconstruction and Development (EBRD) on
Wednesday signed a contract on a DM168-million loan for the
sanitary improvement of the city's largest waste disposal site,
Jakusevac.
Improvement works will be carried out by the newly-founded Zagreb
company ZGOS Ltd. The loan will be paid back over a period of 12
years, with a four-year grace period and loan costs - the LIBOR and
an interest rate of 2.05 per cent.
Zagreb Mayor Marina Matulovic-Dropulic described the loan
conditions as very favourable.
The project is co-financed by the French-Belgian bank Dexia, which
has the same loaning conditions as the EBRD. Namely, the loan
includes DM97 million granted by the EBRD and another DM72 million
granted by a group of banks, headed by the Dexia bank.
The sanitary reorganisation of the Jakusevac waste disposal site,
which is necessary for the protection of wells used for the city's
water supply system, will be carried out in line with European Union
standards, the Zagreb Mayor said.
(hina) rml/ab