GOVERNMENT: Flood Protection Project Loan Agreement
The government initiated the procedure for signing the framework loan agreement between Croatia and the Council of Europe Development Bank (CEB) worth €40 million for flood protection projects.
It encompasses 25 projects that are planned to be realised during the 2015-2018 period with a total value of €80 million; the CEB loan will provide 50% of the financing and Croatian Waters (HV) will provide the other 50%. The loan is raised for a period of 9 years, with an interest rate of 0.18% per year.
Proposed by: Ministry of Agriculture