The government wants EUR 450 million loan from EIB to invest in rural development

Newsroom 29/08/2018 | 14:41

In the government meeting today, the executive will discuss a memorandum for a EUR 450 million loan from the European Investment Bank (EIB) to continue investing in rural development.

”In connection with the continuation of some important investments in rural development, we have a memorandum on the contracting of a loan from the European Investment Bank, amounting to EUR 450 million,” said PM Viorica Dancila.

The funds are for the co-financing of projects supported by funds European and National Rural Development Program 2014 – 2020.

According to the prime minister, the loan agreement was negotiated with the support of the Ministry of Public Finance, in advantageous conditions for Romania.

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