Financiarul

The Public Finance Ministry will contract a new loan for a period of about two years from the commercial banks, under very good conditions, with an interest under five percent, said, on Monday, June 30, president Traian Basescu, at a meeting with minister of Transport Radu Berceanu, with the builders.

“For the works to start at high speed, MFP will not be content only with the billion from the European Union (EU), and will take a loan from the Romanian commercial banks, under very good conditions, conditions under which they could not take a loan from a foreign bank, and the loan will be on some two years, ” said the head of state.

Traian Basescu said in focus will be the absorption of the funds in excess, for then, the commercial banks sent them to the parent banks.

So, one makes an issue in excess, by which the money can be covered from the commercial banks under good conditions.

The money will come in lei from you (the builders, e.n.) said Basescu.

Traian Basescu draw attention to the builders that all this circuit will be broken if the subcontractors do not pay under good conditions.

The money will come in lei from you, and for the launch of new works, money with which the duties to the state will be paid immediately.

The head of state said that starting in Q3, there will be money for covering the payments due to the builders for the launch of new works.

“There will be money from the European Union – 1.5 billion euros, that will go to investment, and around one billion euros from the commercial banks, that will go with a priority to investment in the infrastructure, they are to be available in mid July,” said the head of state.

The money will come from the European Union – 1.5 billion euros, that will go to investment firstly, and around one billion euros, from the commercial banks, which will go with a priority in investment in the infrastructure, they are to be available starting in mid June, said the head of state.