Loan to finance municipal investments in Huercal-Overa on Costa Almeria

PLANNED: The council said the loan had been approved under the previous Popular Party administration. CREDIT: Ayuntamiento de Huercal-Overa

HUERCAL-OVERA council has formalised a €1.2 million bank loan to help pay for municipal investments.
The council said the loan, which is for a 10-year period, had been approved under the previous Popular Party administration.
Of the total amount, €560,000 has been earmarked for completing the construction of the music school. A further €302,500 will be for the municipal contribution to the provincial government’s project to update the water supply network, mainly in the Calvario district.
“The budget approved by the PP in February this year contemplated this formula of financing to deal with these investments, and in the exercise of responsibility the current government team takes on the commitments initiated by the previous administration”, Huercal-Overa Mayor Francisca Lourdes Fernandez commented.

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Written by

Cathy Elelman

Cathy Elelman is the local writer for the Costa de Almeria edition of the Euro Weekly News.

Based in Mojacar for the last 21 years, Cathy is very much part of the local community and is always well and truly up on all the latest news and events going on in this region of Spain.

Her top goals are to do the best job she can informing the local English-speaking community, visitors to the area and the wider world about about the news in Almeria, to learn something new every day, and to embrace very new challenge this fast-changing world brings her way.

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