As Poslovni Dnevnik/Marija Brnic writes, several days ago, the Croatian Government approved a debt payable to Croatian roads with a state guarantee in the amount of 870 million kuna. With this massive long-term loan, the state-owned company Croatian roads will finally manage to close all of its liabilities on existing loans and secure further financing for various projects and other business plans this year.
It will settle liabilities in the amount of 66.7 million kuna on the loan provided by PBZ (Privredna banka Zagreb) and 214.4 million kuna on the loan provided by a community of banks including Erste, HPB (Hrvatska postanska banka), OTP, PBZ (Privredna banka Zagreb) and Zagrebacka banka (Zaba).
The remaining loan amount of 589 million kuna will provide liabilities for a total of sixteen different projects, the most valuable of which are the Sava bridge near Gradiska, totalling 95 million kuna, the Vukmanicki Cerovac-Mostanje and Farkasevac-Bjelovar roads, as well as the eastern bypass of Novi Marof.
For a new loan, Croatian roads received an offer from the aforementioned Erste, HPB, OTP, PBZ, RBA and Zaba banks in the public procurement procedure, at a fixed interest rate of 1.15 percentage points per year.
The term of the loan is the end of 2022, ie the current year, and the final maturity is set to take place on the twelfth anniversary of the contract being taken out. This state guarantee covers 100 percent of the loan amount to Croatian roads.
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