VOL. XL

No. 43

27-October-1997

EGYPT

EIB Lends $56Mn For Egyptian Road Scheme

The European Investment Bank (EIB) will lend ECU50mn ($55.7mn) to an Egyptian publicsector organization building a road from Alexandria along the Mediterranean coast to theSuez Canal towns of Port Said and Ismailia and the Sinai peninsula. In a statement, thebank said that the loan will go towards completing the last section of the project, whichincludes the construction of a ring-road round Alexandria and a bridge...