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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Japan offers $ 317 million loan for projects in Iraq

    Rocky
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    Japan offers $ 317 million loan for projects in Iraq Empty Japan offers $ 317 million loan for projects in Iraq

    Post by Rocky Sun 13 May 2018, 9:58 am

    Japan offers $ 317 million loan for projects in Iraq
    May 13 2018 04:24 PM
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    The first agreement is a $ 176 million loan


    Japan plans to provide a $ 317 million loan to implement service projects in Iraq. The Iraqi Ministry of Finance today signed two financing agreements with the Japan International Cooperation Agency (JICA).

    The first agreement included a $ 176 million loan for the Basra Water Development Project, under terms that include a 20-year loan term of 6 years and a fixed interest rate of 1 percent.

     
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    The second agreement included a $ 141 million loan to rehabilitate Iraq's irrigation sector with a 25-year loan, including 7 years grace period.

    In 2013, Japan submitted a proposal to the Iraqi government to develop the ports and power plant in the country through a $ 1.24 billion concessional loan.

    Over the past years, the Iraqi and Japanese governments have signed several agreements for the reconstruction of the energy and ports infrastructure. 



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