BUDAPEST Feb 5 Hungary has agreed with Russia
on the terms of a 10 billion euro ($13.5 billion)loan to finance
the construction of two new reactors at Hungary's nuclear plant
and the financing deal could be signed within days, its Economy
Minister Mihaly Varga said.
Varga told private news channel HirTV on Wednesday that
Hungary will repay the loan over a period of 21 years after the
new blocks become operational.
He said Hungary got the loan on better terms than current
market rates, but declined to specify the interest rate. "We
have managed to reach a deal which we could not have been able
to get on the market," Varga said.
Russian nuclear power company Rosatom will expand Hungary's
only nuclear power plant, more than doubling its capacity in the
biggest construction project in Hungary's post-Communist
history, the two countries agreed last month.
($1 = 0.7390 euros)
(Reporting by Krisztina Than; Editing by Anthony Barker)