Friday, November 13, 2015

Parliament ratifies loans and grants. $600 million to pour into infrastructure projects


Parliament approved today more than 20 bills related to several economic and financial sectors, according to MP Jean Ogassapian.

Around $600 million worth of loans and grants have been sanctioned. These include two loan agreements with the European Investment Bank (EIB) for funding highway projects and the construction of the Bisri Dam. Other laws include the ratification of loan agreements with the Arab Fund for Economic and Social Development (AFESD) for the completion of wastewater pla...

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