Signature(s)
Summary sheet
The proposed loan is directed at supporting the investments foreseen in the 2004-2006 capital investment plan of the local authority directed at improving the innovation capacity of the area and its social cohesion. More specifically, the loan will finance infrastructure schemes in the areas of education, transport and other priority investments schemes in line with the European objectives.
The allocation of the credit line will give a special emphasis to assisting schemes located in EU assisted areas in the province’s territory. In this respect, it is expected that a 50% share of the expenditures funded under the facility will be employed in assisted areas.
The schemes – mostly of small scale - will be carried out in full compliance with EU rules.
In line with EU procedures.