CRUNCH-FREE
- From: Vol 9, Issue 12 (December 2008)
- Category: Need to know
- Region: Unspecified
- Related Companies: Befesa, Bushnak Group, Credit Populaire d’Algerie, Gulf One Investment Bank, Hyflux, National Water Company and Suez
* Befesa has closed the financing of its 200,000m3/d Ténès desalination plant in Algeria.
80% of the USD231 million cost of the project will be financed by a debt package provided by a syndicate of local banks headed by Crédit Populaire d’Algérie. Hyflux’s 500,000m3/d Mactaa project is awaiting close (see Desal Tracker p35).
* Saudi Arabia’s local banks have also escaped the worst ravages of the credit crisis. They are ...
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