ID :
113164
Tue, 03/23/2010 - 21:47
Auther :
Shortlink :
http://m.oananews.org//node/113164
The shortlink copeid
SAUDI FUND FOR DEVELOPMENT TO FINANCE WATER SUPPLY AND SEWERAGE PROJECTS IN BAKU
Baku, March 23 (AzerTAc). The Government of Azerbaijan and Saudi Fund For Development have signed an agreement to improve water supply and sewerage system in several parts of Baku.
Under the agreement, which has already been submitted to Azerbaijan`s parliament for approval, the Saudi fund will allocate nearly $25 million to the country`s government for the term of 20 years.
The loan is granted on a 2% interest rate yearly.
Under the agreement, which has already been submitted to Azerbaijan`s parliament for approval, the Saudi fund will allocate nearly $25 million to the country`s government for the term of 20 years.
The loan is granted on a 2% interest rate yearly.
