Portal de Alguazas

www.portaldealguazas.com

• Home
• Business
• Hotels
• Restaurants
• News
• Advertisement

This initiative is conducted through the loan modification approved by the corporation as a full extraordinarily rich.

In compliance with the guidelines set by the Ministry of Economy and Finance, containment of the general government deficit, which was established this summer, the City of Alguazas has carried out a credit amendment, adopted by the Plenum of the municipal corporation .

This has paid off its entire short-term debt by 31 December 2010 deadline required by decree.

This has been achieved through the removal of part of the debt by the resources of the City Council and the other party through a long-term credit, amounting to 825,000 euros.

Alguazas Mayor, José Antonio Fernández Lladó, explained that the municipality "to December 31, 2009, banks had signed with a loan of EUR 1.9 million and a year later had to have those accounts written off."

To do so "we made a plan by which a portion of that amount what we amortization with our resources and second, that has been dedicated to investments that have been doing in 2009 and 2010, we have long-term debt by the formalization of a loan. "

With this financial transaction, undertaken by the City of Alguazas, comes to the investment fund during the years 2009 and 2010 the Consistory in the town is developing, in collaboration with contributions from other government agencies are also providing funding for development of these projects.

Source: Ayuntamiento de Alguazas