The development of the Bouches-du-Rhone in France will spend 50 million euros

The development of the Bouches-du-Rhone in France will spend 50 million euros

The development of infrastructure of the Bouches-du-Rhone inFrancewill spend 50 million euros. The money will be mainly invested in housing, roads and schools. Financing is provided by the pbb Deutsche Pfandbriefbank AG.

50 millionth loans will be used by local authorities to finance the construction and renovation of housing, schools and road infrastructure, according to Property-magazine.eu. The deal was finalized in December 2012.

Bouches-du-Rhone is located in southern France in the Provence-Alpes-Cote d'Azur. The department (administrative center is Marseille) is the third most populated French department (population 1,84 million people).