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A city in Serbia is borrowing four million euros for capital investments

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The Assembly of the City of Zrenjanin adopted the proposal of the decision on borrowing the city for the purpose of financing capital investments in the amount of almost four million euros.
These credit funds will be intended for the new extensive investment cycle of Zrenjanin, it is stated on the City’s website.
Of that amount, for the preparation of technical documentation for various projects, the City plans credit funds in the amount of 600 thousand euros. These are infrastructural projects concerning the rehabilitation, reconstruction and construction of roads, atmospheric sewage, sewerage and water supply network, improvement of energy properties of facilities and rehabilitation of the city landfill.
For the execution of various construction works, the city is planning credit funds in the amount of almost 3.3 million euros and it is a matter of several capital and communal investments. The most important are the second phase of rehabilitation and adaptation of the City Stadium – capital sports investment (amount of funds for the city’s participation one million euros) – then works on the complete reconstruction of streets, sidewalks and bike paths in the city, well drilling and construction of sewerage in several settlements, reconstruction of the water supply network in the city settlement “Ruza Shulman”, communal equipment of the industrial zone “Jugoistok” and communal equipment of the refugee settlement in Klek.
Also, the 250 thousand euros loan is intended for the acquisition of land in public ownership through expropriation, for the needs of various infrastructure projects.
In a statement given after the session, Deputy Mayor Sasa Santovac said that the budget of the City of Zrenjanin was being filled in a satisfactory manner, and that, based on the consent of the Ministry of Finance, the City of Zrenjanin was provided with a loan of slightly more than four million euros, eKapija reports.

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