Azeri loans announced
- From: Vol 3, Issue 9 (September 2002)
- Category: General
- Region: Asia
- Country: Azerbaijan
- Related Companies: KfW and Scott Wilson
A CREDIT OF $145 MILLION is to be made available to Azerbaijan for the reconstruction of the Samur-Absheron canal.
The credit will be provided by the Japan Bank for International Cooperation (JBIC) and will extend over 40 years at an annual interest rate of 0.75%.
The project includes the construction of a 280Mm3 reservoir and a new canal between Velvelichai and Takhtakerpyu.
Meanwhile, Germany’s KfW is providing a credit of around €15 million to fund the ...
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