Portal de Cartagena
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The Local Government Committee will meet on Monday, December 5, extraordinarily to approve the signing of three separate credit line for financing the Official Credit Institute (ICO), after obtaining the approval of the central administration.
The application for this funding amounting to EUR 8.6 million was approved by the Plenary of the Municipal Corporation in order to raise cash and pay off debts to suppliers.
Now, after obtaining confirmation from the Central Administration the operation, the City Council signed three loans materialize with three banks, the Board of Government shall authorize the following Monday.
The meeting, with the only issue on the agenda, will be held at ten o'clock in the council room of the Palace Hall.
Source: Ayuntamiento de Cartagena
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