Croatia to Develop Split Port Infrastructure With EBRD Loan

The Croatian government approved an 18.8 million-euro ($24 million) loan from the European Bank for Reconstruction and Development to upgrade its port in Split, the country’s second-biggest city.

The loan, at the interest rate of Euribor plus 1 percent, will mature in 15 years with no coupon payments in the first four years, the Cabinet said in a session today.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net