the Greater Algiers urban
road network and a section of the East-West motorway
Press release: 2002/061
Luxembourg, 24 July 2002 - The
European Investment Bank, the European Union's financing institution, announces
three loans, totalling EUR 165 million, to Banque Algérienne de Développement
(BAD) for various infrastructural schemes vital for the country's economic
activity. The promoter of the projects is the Algerian Ministry of Public
Works.
The loan agreements were signed today,
24 July 2002, in Luxembourg by Mr Francis Mayer, EIB Vice-President, and