Signed Contact of loan for financing of the Project Construction of recycling center in Livade Podgorica

Deputy Prime Minister Igor Lukšić signed the Contact of loan for financing of the Project Construction of recycling center in Livade Podgorica, in the amount of 5 million . The Construction contract for the regional recycling center in Livada Podgorica was concluded between Deponija SC Podgorica and UTE Planta Residuos Solidos Urbanos Posgorica, Madrid, and signing of the Contract between the Instituto de Credito Oficial Kongdom of Spain (ICO) and Montenegro (Ministry of finance) represents the precondition for the realization of aforementioned project. The draft Contract of loan prescribes that the Government of Spain will approve the loan to Montenegro with the interest rate of 1% annually and grace period of 5 years and payment period of 11 years.