Feb. 21, 2009
The World Bank approved a loan of USD 43 mln to address environmental damange from the RTB mining/smelter basin in Bor, Serbia and to stimulate employment in the region, according to Ekapija.
The loan is to be used within the scope of 'Regional Development of Bor' projec, which is to be implemented over a five-year period, with the World Bank acting as monitor. USD 33 mln of the loan is to be paid back over 17 years, with the remaining USD 10 mln to be paid over a 20-year period.
