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,...