VOL. XLVI
No 30
28-July-2003
SYRIA
AID
AFESD Gives Syria $73Mn Loan For Power Project
The Arab Fund for Economic and Social Development (AFESD) has agreed a loan worth KD22mn ($73.3mn) with Syria to help finance a power project in Zayzun. The loan has a maturity of 22 years, including a four-year grace period, and carries an interest rate of 4.5%. The aim of the project is to help meet increased electricity demand by converting the electricity power station in Zayzun into a combined cycle plant,...
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