Press Release: EIB and Parque Escolar sign a EUR 600 million financing contract for Portugal’s secondary school modernization and rehabilitation programme

The European Investment Bank (EIB) has granted to Parque Escolar (PE), a public entity owned by the Portuguese government, a EUR 600 million loan to finance investments in the country’s secondary school modernisation programme. EIB Vice-President Carlos da Silva Costa and President of Parque Escolar João Sintra Nunes signed the finance contract in Lisbon earlier on 27 May 2010.

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