VOL. XLIII
No. 45
6-November-2000
IRAN
JBIC Signs $69Mn Loan With Iran For Power Project
The Japan Bank for International Cooperation (JBIC) announced on 27 October that it had approved a loan of 7,494mn ($69mn) to Irans Masjid-e Soleiman Hydroelectric Power Project (II) and had signed an agreement the previous day with the Iranian partner, the Iran Water and Power Resources Development Company. The facility is priced at 2.2% per annum and carries a tenor of 25 years and a seven-year grace period....
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