|
World Bank lends Morocco 31 million euros for road construction
Morocco, Economics, 4/9/2005
The world Bank lent Morocco 31 million euros to contribute to the construction funding of some 625 km of roads, part of the country's programme of rural road building (PNRR-II).
The loan agreement, signed in Rabat Friday, is to be paid back over a 17-year period with a three-year grace period on interests. The cost of the current tranche of road building is estimated at MAD 409 million, about 40 million euros. The Moroccan rural road construction program will help built or repair around 15,000 km of roads between 2005 and 2015.
Previous Stories:
Government earmarks over 650 million euro to promote Morocco's eastern region
(4/7/2005)
Morocco needs to firmly counter piracy, Minister
(4/6/2005)
Morocco, Iran to boost bilateral trade exchanges
(4/2/2005)
The practice of lending to developing and underdeveloped governments should end
(5/25/2002)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
