Portal de Cartagena
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Old Society refinance its short-term debt and will transform the most of it in a long-term credit to get a saving of two million in interest, as reported by the Town Planning and chairman of the board of the municipal company Joaquin Segado.
First, the board of directors without a dissenting vote (for, PP and Citizens Movement; Abstentions PSOE and United Left) and subsequently the Local Government that has an extraordinary meeting this afternoon, have given the green light the viability of this operation that will transform the current credit facility of twelve million and annual due in two loans: one of ten million euros to seven years, backed by the Official Credit Institute (ICO), and another, a policy of two million euros.
Mowing explained that the origin of these twelve million in expenses and purchase of land expropriation, especially in the Monte Sacro, that Old Town will recover after the sale of these and other plots such as the windlass, of which soon contest goes on its sale.
For Mowing, the current crisis and urban break have advised delaying the time for the repayment of this money by the two operations that has passed both the board and the Board of Governors, which will lead to significant savings interests.
Source: Ayuntamiento de Cartagena
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