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Image header Agence Europe
Europe Daily Bulletin No. 7772
Contents Publication in full By article 15 / 33
GENERAL NEWS / (eu) eib/egypt

EUR 50 million loan for drainage system in Nile valley and delta

Luxembourg, 03/08/2000 (Agence Europe) - The European Investment Bank is granting a loan of EUR 50 million to Egypt for a drainage programme in the Nile valley and delta regions. Given the environmental nature of the project, this loan, which is granted under the second mandate of the Euro-Mediterranean partnership, will benefit from an interest subsidy financed from the Community budget, noted the EIB in its press release. The project is also financed by the Egyptian States, the World Bank...

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