VOL. XLII

No 40

4-October-1999

JORDAN

OPIC Approves Financing For Jordan Railway Privatization

At the last of its quarterly board meetings for the 1999fiscal year, the board of directors of the Overseas Private InvestmentCorporation (OPIC) approved financing for the privatization of Jordan痴 'Aqabarailway. The board of directors approved up to $55mn in OPIC finance to the'Aqaba Railway Partners for the privatization, extension, and upgrade of therailway. According to a statement from OPIC, the...