Will Uzhgorod owe more than 10 million euro?

29 November 2016 12:36  343139243 0140625
Will Uzhgorod owe more than 10 million euro?

Today, November 29th, at the meeting of the Uzhgorod city council, the deputies adopted the decision, according to which the city will borrow a very serious sum. It will be 10.6 million euros.

Deputies of the City Council argue that the loan is needed to repair social facilities - over fifty, in total.

The borrower is the EIB (European Investment Bank). The guarantor for the loan will be not only the city, but also the units of the Cabinet of Ministers.

The loan grace period is 5 years, and the total period is 22 years.

It is not yet reported what sum will be paid in total from the city budget.

Read also

Post comment

Users posting offensive comments as to other participants of discussion will be banned by moderator without prior warning or explanation. The information related to these users may be provided to law enforcement authorities upon relevant request.Links and advertising messages are prohibited in the comments!

No comments