Agriculture Ministry gets eight-billion-crown loan from EIB

The Czech Agriculture Ministry has received an eight billion crowns loan from the European Investment Bank, the bank’s spokesperson confirmed on Monday. The money is to be used for a series of hydro-projects, such as the building of new reservoirs and anti-flood measures.

It should give 24,000 people better access to drinking water and secure better protection against floods for 47,000 inhabitants of high-risk areas. It will also go to pay for new sewage systems and new water reservoirs needed in view of the increasingly frequent droughts.