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Europe Daily Bulletin No. 8076

22 October 2001
Contents Publication in full By article 34 / 46
GENERAL NEWS / (eu) eu/eib
Loan for development of Tanzania's natural gas reserves

Brussels, 22/10/2001 (Agence Europe) - The European Investment Bank (EIB) is to grant EUR 55 million for the development of Tanzania's SONGO SONGO Natural Gas field and the downstream use of natural gas for power generation. EUR 50 million will go to the United Republic of Tanzania, which will onlend the amount to Songas Ltd, and EUR 5 million will go to Tanzania Development Finance Company Ltd (TDFL). The loan is mainly to be used for the construction of 230 km of pipeline to bring the gas...

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