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Slovenian Road Operator DARS To Borrow 267.5 Mln Euro from Germany’s KfW

Sep 22, 2008, 7:23:09 PMArticle by Hristina Stoyanova
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September 22 (SeeNews) - Slovenian road operator DARS said on Monday it has signed a contract with Frankfurt-based bank KfW to borrow 267.5 million euro ($390 million) in order to finance road construction.

Slovenian Road Operator DARS To Borrow 267.5 Mln Euro from Germany’s KfW

The loan, which is guaranteed by the government, will mature in 20 years, DARS said in a statement.

Slovenia, which joined the European union in 2004, lies on two of the EU-defined transport corridors. Corridor X links Austria with Greece via former Yugoslavia while Corridor V links Italy with Ukraine.

($ = 0.6866 euro)

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