VOL. XL

No. 15

14-April-1997

ALGERIA

EIB Lends Algeria ECU35Mn For Electricity Supply

The European Investment Bank (EIB), the European Union's (EU)long-term financing institution, said on 10 April that it will lend Algeria ECU35mn($40.6mn) to improve electricity supplies in the south of the country. In a statement, thebank said that the project, due for completion by end-2001, will extend electricity supplyto Ghardaia and Ouargia about 500 kms. south of Algiers, bringing them into line with...