Govt in Favour of DARS Taking EUR 300m Loan with EIB

The government gave the green light to the Motorway Company (DARS) for taking out a EUR 300m loan with the European Investment Bank (EIB), as it held a correspondence session on Friday.

The cabinet moreover authorised the Finance Ministry to send a statement to that effect to the EIB. The EIB Council will stage its next session on 13 June, yet, it has to receive by 5 June the government's statement that it does not oppose the loan.
According to the ministry, the statement does not mean that a contract between the EIB and the loan taker will be concluded, nor does in presuppose a state guarantee between the country and the bank.

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