Loan rescues Cern

December 20, 2002

The European Investment Bank has made a e300 million (£190 million) loan to particle physics laboratory Cern. The money will go towards the final construction phase of the Large Hadron Collider, the next-generation particle accelerator. A year ago, Cern admitted it was in financial trouble. The laboratory is looking to commercial banks for a series of short-term loans.

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