Completion of motorway to Hungary border important for eastern Croatia

Eastern Croatia

ZAGREB, Dec 14 (Hina) – Members of parliament on Monday backed a loan for the completion of the motorway to the border with Hungary within the pan-European Corridor Vc, stressing that this is an important project for the development of eastern Croatia.

The parliament is expected to ratify the state guarantee agreement between Croatia and the European Bank for Reconstruction and Development for financing a portion of the project for the completion of the said motorway.

That is a priority project important for the development and progress of Slavonia and Baranja, and it is also important for the port of Ploce which will become an EU port of entry, HDZ MPs Branko Bacic and Ivan Radic said during the discussion.

SDP MP Domagoj Hajdukovic agreed with them, underscoring that the port of Ploce would gain in importance and be connected with Budapest and the rest of Europe.

The €55 million loan will be used to complete the construction of a 17.5-km-long section between Halasica Bridge and Beli Manastir and a 5-km-long stretch between Beli Manastir and the Hungarian border.

Work on the Halasica Bridge – Beli Manastir section was going well and would be completed by mid-2022.

The loan agreement is repayable over 15 years, including a 3-year grace period, at a variable interest rate of six-month Euribor plus a spread of 1%.