VOL. XLII

No. 22

31-May-1999

JORDAN

EIB Lends Jordan Euro 30Mn For Phosphate Mine

The European Investment Bank (EIB) is lending Euro 30mn($32mn) to Jordan to expand its existing phosphate production capacity throughthe development of the second phase of the Eshidya phosphate mine in thesoutheast of the country. According to a statement from EIB, the loan to theJordan Phosphate Mines Company (JPMC) will finance engineering supervision,supply, implementation and mine opening-up, as well as the...