REGHIN – 34 million from loans

After the loan with the controversial destination contracted from the BRD, in amount of 150 billion lei, the Reghin Local Council approved the contracting of another loan, in amount of 34 billion lei, which is to be used for the following investments: modernization of the Municipal bathing establishment, execution of the Piata Mica (Small Market) roof and setup of bus stations. The bank which won the selection of tenders organized in the February 17th-20th period is BCR Reghin. The loan is granted for a period of 20 years, with a grace period of two years. Interest to be paid by the City Hall will be a variable one, depending on the BUBOR reference indices, which are modified once every 6 months. Let’s hope we’re not going to see another trial related to the objectives of the investments funded, as it happened with the money borrowed from BRD. Likewise, as Aszalos Gavril councilor notes, emphasizing the loans were good, “the art of leading a town starts only now and it consists of finding other funding methods “, referring to the attraction of external sources, investors etc. (L.V.)