European Investment Bank to lend PLN 150 mln Opole

Polish city Opole (Opole Voivodeship) plans to take out a long-term loan worth PLN 150 million from the European Investment Bank (EIB) till 2020. This sum supposed to finance the budget deficit and to co-finance projects executed by money from the EU. The decision was made by City Council of Opole via the voting poll on March 24. The head of the budget department, Paweł Krawczyk explained that the interest rate for today is expected to be approximately 1.9 percent. Also the loan can be used by the city during 2016-2020 (PLN 26 million Opole will invest this year).