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(E) World Bank finances Croatia transport plan
By Nenad N. Bach | Published  07/20/2003 | Business | Unrated
(E) World Bank finances Croatia transport plan

 

World Bank finances Croatia transport plan
Reuters, 07.08.03, 4:06 PM ET

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WASHINGTON, July 8 (Reuters) - Croatia is to get a $156.5 million World Bank loan to upgrade transport links designed to give the country an edge in international trade, the bank said on Tuesday.
"The main objective of this project is to increase Croatia's trade competitiveness by improving the international transport chain through the Rijeka gateway for both freight and passengers traffic through modernizing the port and road network connections, and privatizing port operations," the bank said in a statement.
The loan has a 15 year maturity and a 5 year grace period.
Copyright 2003, Reuters News Service

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