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Bosnia's Bijeljina city to borrow 3.1 mln euro for capital investment projects

Bosnia's Bijeljina city to borrow 3.1 mln euro for capital investment projects Bijeljina Petar I Karadjordjevic square Source: City of Bijeljina

BANJA LUKA (Bosnia and Herzegovina), September 17 (SeeNews) - Bosnia's Bijeljina city council said it has decided to borrow 6 million marka ($3.4 million/3.1 million euro) at a nominal interest rate of up to 5% per year to finance capital investment projects.

Of the total amount, 4 million marka are intended to finance infrastructure projects and a further 2 million marka will be used to finance construction and reconstruction of public buildings, the city council said in a public call for a credit line published in its website.

The infrastructure projects cover the construction and reconstruction of road infrastructure, as well as the reconstruction of the water supply network in the amount of 2 million marka. A total of 1 million marka will be used to relocate the existing bus station in order to build a new one.

The city will will spend 500,000 marka to reconstruct its heating system, and a further 500,000 marka to build infrastructure and buy equipment for the city cemetery Hasama-Brijesnica. 

The loan will be also used to finance the reconstruction of the Sokolski Dom, an early 20th-century building serving as the city's sports centre, in the amount of 1 million marka. 

The deadline for receiving offers is October 28. 

Bijeljina has population of some 100,000 people.

(1 euro = 195583 marka)