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Croatia Receive €300 Million Loan to Finance Priority Projects

euroThe European Investment Bank (EIB) has approved a loan of 300 million euros, out of a total planned loan of 600 million euros, on Monday which will be used to help finance priority projects in Croatia…

Energy, transport, health, infrastructure, urban regeneration and water and waste management projects are some of the areas flagged as ‘priority’ and the EIB loan will be used to co-finance those with EU funds.

“The EIB loan will co-finance priority projects worth an estimated 8.1 billion euros, which will help improve the quality of life for Croatian citizens. The funds will facilitate the absorption of EU grants and will benefit the Croatian economy in terms of accelerating economic growth, strengthening competitiveness and increasing job creation,” Dario Scannapieco from the EIB said on Monday.

The EIB have financed projects worth around 4.5 billion euros since they started to be active in Croatia in 2001.

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