VOL. XXXV

NO. 8

25-NOVEMBER-1991

Egypt

EIB Loan of $31.8mn for Gas Project

The European Investment Bank (EIB) on 7 November announced a 25mn ECU($31.8mn) loan for the extension of Cairo's natural gas distribution network.The 18-year loan, which is supported by a 2% interest subsidy from the ECbudget, is for the Egyptian General Petroleum Corporation (EGPC). Work on theexpansion of the network will be carried out by the EGPC subsidiary Petrogas.The project will supply 235,000 households and 5,000...