ZAGREB, March 29, 2018 – The government on Thursday gave the go-ahead to Croatian road companies to borrow 1.8 billion euros from banks with state guarantees, announcing the further restructuring of the road sector.
Addressing a cabinet meeting, Prime Minister Andrej Plenkovi said that the sector’s debt in the amount of 1.275 billion euros had been refinanced last year “at the best ever interest rate and the best ever maturity, until 2030.”
“The 1.8 billion euro loan has now been refinanced, also for a period of 12 years and at an interest rate of 1.95 percent. Thus we have settled slightly over three billion out of the total of five billion debt of the road sector. The Croatian public has forgotten about the initiative to monet…
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