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European investment bank extends Morocco 40 mln euro loan for irrigation
Morocco-European Union, Economics, 11/10/2001
The European Investment Bank has extended Morocco a loan of 40 million Euros for a project to rehabilitate major irrigation facilities in Morocco.
The contract was signed by Moroccan minister of economy, finance, privatization and tourism, Fathallah Oualalou, and the Bank vice-president, Francis Meyer.
The project, extending over five years, is estimated to cost 84 million Euro.
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(4/27/2001)
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