March 11 (SeeNews) - Bosnia's northern city of Doboj said it plans to take a 10 million marka ($5.8 million/5.1 million euro) bank loan to finance the purchase of office space and the planned revamp and construction of city roads.
The city assembly has approved the withdrawal of the loan with a 10-year maturity, Doboj's municipal government said in a statement on Tuesday.
Out of the total amount, 5 million marka will go for purchasing office space and garages, while most of the remainder will finance various city roads construction and revamp projects, the statement reads.
Doboj is located in the Serb Republic, one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 195583 marka)