Parliament allowed the Council of ministers to engage in negotiations and sign a loan contract between Bulgaria, the European Bank of Investment, and working agency Port Administration for financing a project for Rehabilitation, Reconstruction, and Modernizing of Lom Harbour. The EUR 17 M loan has a repayment period of 25 years, a 6-year gratis period, and leaves the borrower to choose from a fixed and variable interest on every transfer, offered at the major interbank market of the respective currency. Project objectives include rehabilitation of the port facilities and increase in the quality of service of cargo,so that Bulgarian ports are made competitive to European ports, Council of Ministers motivation statement says.