Council of Ministers: Additional financing for Energy Efficiency Project

SARAJEVO, November 8 (FENA) - Council of Ministers of BiH determined Proposal Loan Agreement (additional financing for Energy Efficiency Project) between BiH and the International Bank for Reconstruction and Development (IBRD), Council of Ministers stated.

Total value of the loan is 27.276.989 euros, of which 60 percent will be allocated to the Federation of BiH and 40 percent to Republika Srpska. Repayment deadline is 32 years and grace period is seven years.

Aim of the Energy Efficiency Project is to reduce energy consumption in public facilities in BiH.

(FENA) A. B.

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