May 27 (SeeNews) – Montenegro plans to take a 40 million euro ($43 million) loan from the European Investment Bank (EIB) to help finance an 80 million euro project for railway infrastructure reconstruction, the government in Podgorica said. The finance ministry has completed negotiations with the EIB and finalised the text of the 40 million euro credit contract, the government said in a statement on Friday. Once approved, the financing will be transferred to state-controlled railway infrastructure operator Zeljeznicka Infrastruktura Crne Gore (ZICG) and rolling stock maintenance firm Odrzavanje Zeljeznickih Voznih Sredstava (OZVS). The EIB shall disburse the credit in up to 13 tranches, wi
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