Iraq borrow from Japan, $ 735 million
Iraq borrow from Japan, $ 735 million
30-06-2015 02:03 PM
Iraq today
The Iraqi government has confirmed that it has signed with the Japanese government on the loan to finance two projects Tnmoin worth $ 735 million, granted by the Japanese International Cooperation Agency to the country.
where the Finance Minister Hoshiyar Zebari said the first loan worth $ 450 million dedicated to projects the reconstruction of electricity from the building sub-power stations in the Central and south of the country, to be repaid over 20 years, along with a grace period of 6 years. Zebari said that the second loan worth $ 285 million will be allocated for the reconstruction of sanitation projects in Erbil, and the repayment period extends to 40 years and a grace period of 10 years. On his part, he said President of the Japanese Agency for Shuhei Hara said the agreement to provide the Japanese loan will help to implement projects in electricity, education and the reconstruction of the liberated areas of Daash sectors. The Iraq and Japan signed two decades initially on 25 May / May last, and kissed him one day entered the Iraqi Transport Ministry signed a contract with the company ‘Niniazhukhoa’ Japanese Advisory, to oversee the rehabilitation and development of the port ‘Khor Al-Zubair’ in Basra province, $ 30 million, funded by the Japanese loan facilitator for the development of Iraqi ports valued at $ 325 million.
news.faceiraq.com
