Generous loans available from EIB for municipal projects

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Generous loans available from EIB for municipal...
 © CyprusMail 2018
Municipalities will be able to apply for a loan up to €200m from the European Investment Bank (EIB), which will be paid off by the state, following a Cabinet decision, President Nicos Anastasiades said on Wednesday.

Speaking during the 34th Union of Municipalities general assembly, Anastasiades said consultations had been concluded with the EIB in 2015 that will allow municipalities to have a loan of up to €200m for certain projects.

For instance, should a municipality have a 30 per cent stake in a project, it will be eligible to apply for a loan from the EIB for that 30 per cent...


Generous loans available from EIB for municipal projects


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