EBRD Lends 11 Million Euros to Serbia to Improve Water Supplies
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.
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