Lebanon benefits from US-backed loan

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01 April 2001

The US Ex-Im Bank is providing a $14.7 million guarantee to back the export of US machinery to the Lebanese company for the development and reconstruction of Beirut central district, known by its French acronym, Solidere. A loan arranged and provided by Citibank, Bahrain will enable Solidere to purchase $15.8 million-worth of excavation equipment and waste treatment and technology services. These will be used to reclaim what is described as phase two of the Normandy landfill, adjacent to...

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