European Investment Bank to lend PLN 150 mln to Opole

Polish city Opole (Opolskie Voivodeship) plans to take out a long-term loan worth PLN 150 million from the European Investment Bank (EIB) till 2020. This sum is supposed to finance the budget deficit and to co-finance projects co-financed by 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 period.