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Sofia To Pay Back The Japanese Loan For The Subway Till 2011

The period for payment of the funds under the Guarantee agreement between the governments of Bulgaria and Japan according to the loan contract for extension of Sofia's subway between the Japanese bank for international cooperation and Sofia municipality will be prolonged with two year. This announced the government press service, cited by Focus agency. The loan contract for 12 894 000 000 Japanese yens was signed in 2002. The funding is for the construction of the section between 7th and 9th metro stations.The prolongation of the period allowed for the successful completion of the project. The forecast term is by the end of the year. The final payment to the implementer should be done not earlier than a year after the project's completion.

 
bulgarian.news.bg