VOL. XLV

No 31

5-August-2002

ALGERIA

EIBLends Algeria 165Mn ForInfrastructure Projects

The European Investment Bank (EIB) has approved three loanstotaling 165mn to the Banque Algériennede Développement (BAD) to fund a number ofinfrastructure projects. The first portion of 45mn will go towards repairingsome of the damage caused by floods in November 2001 and will include theconstruction of a drainage canal to serve western Algiers.A further 50mn will help to finance the construction of Algiersroad...