VOL. XLIV

No. 07

12-February-2001

SYRIA

EIB Grants Syria Euro 115Mn ForElectricity Sector

The European Investment Bank (EIB)on 5 February granted Syria a euro 115mn ($102mn) loan for its electricitysector. According to an EIB press release, the loan will finance theconstruction of 41 sub-stations and overhead power lines. The project, which isestimated at a total cost of euro 349mn ($308.8mn) and will be implemented bySyria痴 Public Establishment for Distribution and Exploitation of Electric...