Consortium to help National motorway company
Monday, March 21, 2005, 00:00
According to Bloomber information CIB Bank Rt is to accord credit to Nemzeti Autópálya (NA) Rt., said spokesperson for the Ministry of Economy and Transport in a press conference. Int he closed tender only the consortium of CIB Bank, Calyon Bank, Citibank, HWB Bank, K+H Bank, MKB and OTP submit a bid. The conditions of the loan are not public. The credit will enable NA to pay the cost of motorway sections built last year. NA will repay the HUF 125 billion to central budget by March 31.