Bucharest City Hall To Partially Cover RADET Debt To EIB, CEDB

The debt transfer was decided, by draft law, in the government meeting held Wednesday.

Romania and the European Investment Bank, or EIB, concluded in 1997 a loan agreement for EUR35 million. The money was given to RADET for rehabilitation and upgrade works.

One year later, a new contract was concluded with the Council of Europe Development Bank, or CEDB, for EUR10 million, which was also directed to the RADET project.