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Karlsruhe / Stuttgart (dpa / lsw) - The Baden-Württemberg state funding institute L-Bank is now offering loans at negative interest rates to the municipalities plagued by the corona pandemic.
The program is aimed at municipalities, municipal companies and municipal special-purpose associations who want to finance an investment in Baden-Württemberg, the L-Bank announced on Monday in Stuttgart.
Such loans could be used to invest in municipal infrastructure - for example in the construction or renovation of school buildings and hospitals or in transport projects.
In the case of loans with negative interest rates, municipalities do not have to repay the entire loan amount.
Many municipalities are suffering from falling trade tax revenues in the corona pandemic - despite the fact that there is still great need for investment in many places.
The aim of the program is, on the one hand, that the municipalities continue to invest in the municipal infrastructure and, on the other hand, that the budgets of the cities and municipalities are even relieved a little by the interest credits.
According to the L-Bank, the program is being refinanced by the state development bank KfW.
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© dpa-infocom, dpa: 210208-99-351730 / 2
Information on the financing offer of the L-Bank