TODAY.AZ / Business

SDF loans $13m to reconstruct Yevlakh-Ganja motor road

24 May 2007 [09:24] - TODAY.AZ
On May 22, Milli Majlis (the Parliament of Azerbaijan) passed the Law on ratification of the credit agreement between the Republic of Azerbaijan and the Saudi Fund for Development (SFD) for reconstruction Yevlakh-Ganja road.

The Credit Agreement on reconstruction of Yevlakh-Ganja road was signed between the Republic of Azerbaijan and the Saudi Fund for Development on February 2007, Chairman of the MM standing commission for economic policy Ziya Samadzade said.

The loan has a 20-year term, including a grace period of 5 years, with interest rate set at 2.0% per annum. AzerTAg

URL: http://www.today.az/news/business/41285.html

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