Japan: ODA Loan to Turkey for Emergency Measures for Rehabilitation of Earthquake Damage
2. The content of this ODA loan is as follows:
(1) Type of loan: commodity loan
(2) Maximum amount: 23.6 billion yen
(3) Terms and conditions:
(a) interest rate: 2.2%
(b) repayment period: 25 years (including a 7-year grace period)
(c) procurement method: general untied
(4) Purpose of the loan:
To import materials that are urgently needed for restoration and rehabilitation after the earthquake disaster (including service fees such as transportation). The funding to be provided under the loan may be used retrospectively to settle accounts for imported materials and services that were procured on or after August 17, 1999.
3. With this ODA loan, the total amount of ODA loan that Japan has extended to Turkey will be 420,099 million yen (of which debt reschedulings amount to 7,565 million yen).