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Serbia starts building 11.4 mln euro wastewater treatment plant in Kikinda

Author Radomir Ralev
Serbia starts building 11.4 mln euro wastewater treatment plant in Kikinda Water, wastewater

BELGRADE (Serbia), July 29 (SeeNews) – JP Kikinda, the public infrastructure and services company serving Serbia's Kikinda municipality, has started the construction of an 11.4 million euro ($13.5 million) wastewater treatment plant, it said.

German development bank KfW will provide 6 million euro financing for the first phase of the project, in which a total of 9.6 million euro will be invested, JP Kikinda said in a statement last week.

Out of KfW's total funding commitment, 30% will be in the form of a grant and the remainder will be a loan with a grace period until 2022, while Serbia's infrastructure ministry will provide 3.5 million euro toward the cost of the project.

Serbia's infrastructure ministry signed an agreement for a 17 million euro loan from KfW for water infrastructure projects in Kikinda, Vrbas, Knjazevac and Paracin municipalities, aiming to improve the water supply services offered to 125,000 people.

($ = 0.842018 euro)

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