VOL.XLIII/XLIV

No.52/ No. 01

25-Dec.-2000/1 Jan. 2001

SYRIA

EIB Lends Syria 75Mn To Upgrade Electricity Transmission System...

The European Investment Bank (EIB) approved on 15 December a75mn ($67.3mn) loan to Syria to finance the expansion of the Syrian electricity transmission system. According to an EIB press statement, the financing is for 20 years with a five-year grace period and a 2% interest rate subsidy (from the EUs budget). It will go mainly to support the construction and upgrading of...