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Klaipeda Municipality intends to borrow more than 5 million over the next five years. euros. With this long-term loan, the total debt of the Klaipėda municipality would reach 15 million. euros. The legal debt limit would not be exceeded.
Regarding the borrowing opportunities, the Klaipėda Municipal Administration submitted a request to the Municipal Audit and Control Service, requesting that a conclusion be provided on the long-term amount of LTL 5.338 million. loans in euros to finance investment projects.
The municipality can take long-term creditor loans to finance investment projects and meet previous debt obligations, in compliance with the limits on indebtedness, indebtedness and guarantee approved by the Seimas.
With the funds loaned, it is planned to carry out the reconstruction works on Pajūrio Street in the Tauralaukis residential area this year, for which it is expected to use 358 thousand. borrowed funds.
For the borrowed money, it is planned to complete the reconstruction of the embankments of the Dangė river and the provision of the accesses, for which it is planned to allocate 1.5 million. euros of the loan.
For the loan money, it is planned to finally renovate the public space near the old Vaidila cinema, which will require 195 thousand. euros.
The courtyards of the apartment buildings will also be maintained with the borrowed money, and it is expected to use 300 thousand LTL for these works. borrowed money.
It is planned to use LTL 1.8 million of the debt for the construction of the school in the Žolynai neighborhood. 1.2 million euros for the conversion of football schools and swimming pool buildings. euros.
The Seimas approved the municipal debt amounts and the debt limits in 2021, according to which the municipal debt cannot exceed 60 percent. the amount of projected municipal budget revenue.
The planned budget of the Municipality of Klaipeda for this year reaches 110.3 million. euros.
Taking 5.3 million A long-term loan of 14.9 million euros to finance investment projects would amount to 14.9 million euros. or 13.5% when the allowed limit is 60%.
The Control and Audit Office concluded that the contracting of this loan would not exceed the legal debt limit.
Photo by Vytautas Liaudanskis
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