HAC and HC operators provided with state guarantees for loans

The government on Thursday gave its consent and guarantees for three loans to be taken by the Croatian motorway and road operators -- HAC and HC -- and this refers to two loans with an aggregate amount of €144 million for the HAC company and for HRK 703 million loan for the HC operator.
The HAC motorway operator was given consent and a guarantee for a €62.58 million loan from a group of banks -- HBOR, ZABA and HPB - to reschedule and existing loan previously taken from the German KfW IPEX-Bank.
HAC will thus be provided with an additional cash flow in the amount of €35.8 million in the period from June 2021 to June 2024 and the funds will be used for the construction of the Lekenik-Sisak section of the A11 motorway, Transport Minister Oleg Butković said.
HAC has been provided with a state guarantee for a loan of €81.4 million from the Croatian Bank for the Reconstruction and Development (HBOR) and the Croatian Postal Bank (HPB) to finance the Rupa-Rijeka-Žuta Lokva section of the A7 motorway. The loan with a four-year grace period will be settled within 13 years.
(€1 = HRK 7.515837)

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