EU to co-finance 8 Croatian air traffic projects

The European Union granted funds to Croatia's Air Control (HKZP) for the financing of eight air traffic projects, worth approximately HRK 138 million (EUR 18.5 million), the HKZP told a news conference on Friday, adding that the EU would finance 85% of that amount.

The projects would be financed by the the Connecting Europe Facility (CEF),

The Connecting Europe Facility regulation sets out the rules for awarding EU financial support, priority projects and the maximum limits of EU co-financing per type of project.

"Each year, the HKZP invests approximately HRK 100 million in the upgrading of the traffic control system, so this grant will significantly reduce our expenses," said Dragan Bilac, HKZP director.

The HKZP is a state-owned company providing services in air traffic. It employs 720 people.

(EUR 1 = HRK 7.5)

Last update: Fri, 22/07/2016 - 14:54
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