Croatia guarantees HBOR loan to HZ Infrastruktura

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Social infrastructure

Region:

Europe

The Croatian government is issuing state guarantees on a planned HRK400 million ($62.8 million) loan by state-owned railway infrastructure operator HZ Infrastruktura from the Croatian Bank for Reconstruction and Development (HBOR).

The loan will finance the reconstruction and modernisation of railways for international and regional transport and related online activities. The loan has to be used within 12 months after signing the contract. It has a grace period of two years from the expiration of the term of use. The loan carries a fixed interest rate of 1.65% and will be repaid in 14 consecutive six-month installments. HZ Infrastruktura's debt totalled HRK1.46 billion at of January.

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