VOL. XLIV

No 48

26-November-2001

ALGERIA

EIB Lends Algeria $198Mn For Drinking Water PipelineConstruction

The European Investment Bank (EIB)is lending 225mn ($198mn) to Algeria for the construction of a pipeline tosupply drinking water, in what it describes as the one of the largest scaledrinking water projects in the Mediterranean Basin. The loan is being grantedto Banque Algerienne de Developpement, which will pass the proceeds to AgenceNationale des Barrages (ANB) within the Ministry for Water...