Romanian Lower Chamber Approves EIB Loan Contract For Subway Line Construction

Romania’s Chamber of Deputies on Wednesday adopted a draft law regarding a loan from the European Investment Bank (EIB) which will finance a project to upgrade Bucharest’s subway system.The project's total cost is EUR883 million, of which EUR395 million will come from the EIB loan. The draft needs to be adopted in the Senate before it will enter force.Romania's Government approved on March 24 the draft law ratifying a loan contract signed between Romania and the EIB for ...

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