GOVERNMENT: Flood Protection Project Loan Agreement

Tihomir Jakovina, ministar poljoprivredeLPJ Issue 148, 14 September 2015

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

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