World Bank Support to Rijeka Gateway II Project Print E-mail
ZAGREB (Croatia), December 12 - The World Bank has approved a 84 million euro loan to Croatia's Rijeka Port Authority to support the Rijeka Gateway II project, the bank said on Friday.

 

"The project will further develop the capacity of the port to meet the needs of increasing traffic by expanding an existing container terminal and constructing a new one to accommodate large, modern container vessels,” the World Bank said in a statement.

 

The 23-year loan will have a 10-year grace period, it added.

 

The Rijeka Gateway II project is a continuation of the Rijeka Gateway program, also financed by the World Bank. It aimed at improving the competitiveness of Rijeka port, situated strategically as the gateway for the pan-European transport Corridor Vb, which links Budapest and Rijeka, on the northern Croatian Adriatic coast, via the Croatian capital Zagreb.

 
(See News)

 

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