VOL. XLIII

No. 19

8-May-2000

TURKEY

Blue Stream Gets JBIC/Fuji Loan For Underwater Pipeline

The Japan Bank for International Cooperation (JBIC) and Japans Fuji Bank on 28 April signed a loan agreement worth $331.5mn with the Blue Stream Pipeline Company BV (BSP). JBIC will provide $198.9mn, or 60% of the total, while $132.6mn will be cofinanced by a group of Japanese commercial banks led by Fuji Bank. Japans Ministry of International Trade and Industry (MITI) will guarantee the commercial portion...