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Romania reports 180 mln USD loan for road repairs

Miercuri, 14 martie 2007, 0:00

Romania will borrow 180 million USD loan from the International Bank for Reconstruction and Development - IBRD to improve the general quality of its national road and railway infrastructure, according to draft legislation the Government adopted on Wednesday. The loan will be reimbursed within a 17 year deadline.

The implementation of the contract will be done by road management authority CNADNR and the National Railway Company CFR for 90 million USD each.

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