VOL. XLV
No 26
1-July-2002
KUWAIT
$377Mn Loan Deal For Kuwait Wastewater TreatmentSigned
Utilities Development Company (UDC) has signed a loanagreement with the National Bank of Kuwait (NBK), Bank of Kuwait and the MiddleEast (BKME) and Kuwait-based Gulf Bank for KD114.25mn ($377mn) to finance themajor build-operate-transfer (BOT) Sulaibiya WastewaterTreatment Project. NBK is acting as the agent bank, the account bank and thesecurity bank for the deal. The 25-year loan is to be equally shared by...
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