ID :
68973
Fri, 07/03/2009 - 22:05
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Shortlink :
https://www.oananews.org//node/68973
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SAUDI DEVELOPMENT FUND FINANCES WATER-SUPPLY AND SEWAGE IN BAKU SETTLEMENT
Baku, 3 July (AzerTAc). Ibrahim bin Abdul Aziz Al-Assaf, the chairman of the Board of Directors of the Saudi Development Fund (SDF), sent a letter to the cabinet of Azerbaijan about Fund’s decision to disburse a credit for the project of water-supply and sewage systems reconstruction in Baku settlements and villages, the Cabinet`s press service said.
The SDF extended a credit of 93.75 million rials ($25 million) for these ends.
The finances were given under rate of 2% per annum for 20-year period and 5-year delay repayment.
The SDF extended a credit of 93.75 million rials ($25 million) for these ends.
The finances were given under rate of 2% per annum for 20-year period and 5-year delay repayment.
