Roads Union

New Highway Loan Causes Unease in Croatia

Published by Balkan Insight on Fri, 12/11/2015 - 09:03

Croatia's government on Thursday agreed to guarantee a 200-million-euro loan from the European Bank for Reconstruction and Development, EBRD, to finance the indebted highways.

Croatian Highways, HAC, the company managing most state-owned highways, needs new cash to cover previous loans, mostly taken out for the construction of highways.