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Contract Concluded about a ECU 50 Million Metro Loan |
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Péter Medgyessy, Minister of Finance; Mayor Gábor
Demszky; and Wolfgang Roth, the Vice President of the European
Investment Bank (EIB), signed the financing contract about the
ECU 50 million to be extended by EIB and the related guarantee
agreement on April 9. The EIB will contribute to financing the
DBR metro section with ECU 200 million in loans.
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was signed now is part of this. BKV Rt. will collect the loan,
which will be guaranteed by the government and Budapest. The
loan will be disbursed with a twenty-year term and a five-year
grace period. In addition to the EIB, discussions are being held
with Nordic Investment Bank and Kreditanstalt für Wiederaufbau
in order to supplement the funds.
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