EBRD Lends 11 Million Euros to Serbia to Improve Water Supplies
By Misha Savic -
2012-05-04T11:23:52Z
The European Bank for Reconstruction and Development approved an 11 million-euro ($14.4 million) loan to the city of Subotica, northern Serbia, to expand and upgrade water supplies for some 12,000 people.
The 12-year, state-backed loan with a three-year grace period will help improve environmental policies in the Balkan country, which aspires to join the European Union, the London- based lender said in an e-mailed statement today. Aligning Serbia’s water infrastructure to EU standards would require total investments of some 5.5 billion euros, it said.
To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net
To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.