Africa-Press – Cape verde. The Municipality of São Domingos launched, this Friday, the first stone for the construction works of the “New City”, which aims at the infrastructure and urbanization of the Ribeirão Chiqueiro area. The municipality and Banco BAI Cabo Verde then signed a partnership protocol, following a bond loan granted in July, in the amount of 160 million escudos.
According to BAI Cabo Verde, within the scope of the aforementioned protocol, the two entities are committed to initiating and intensifying partnership relations, and promoting the services and products offered by the financial institution to the employees of the São Domingos City Council.
The protocol is signed after, last July, Banco BAI Cabo Verde fully subscribed to a bond loan from the municipality, in the amount of 160 million escudos (1.45 million euros).
Financing
The loan, according to the same source, was intended to finance the Infrastructure and Urbanization project, in the Ribeirão Chiqueiro area, as well as the restructuring of portfolio investments.
Tem uma maturidade de 15 anos, com taxa de juro nominal, tendo como garantia a cedência de privilégios do município sobre receitas relativas ao Fundo de Financiamento Municipal.
Cidade Nova
The first stone of infrastructure in the Ribeirão Chiqueiro area, called “Cidade Nova”, took place on the morning of this Friday, 14th.
The investment aims at the infrastructure and urbanization of a plot of land in the Ribeirão Chiqueiro area.
As the mayor of São Domingos advanced, Isaías Varela, last July, will be sized and designed a new city in São Domingos, “leveraging the urban and urban synergies of the community of Ribeirão Chiqueiro, with particular growth potential and new possibilities to absorb the opportunities arising from its proximity to the country’s capital”.
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