Exim Bank grants subsidized loans worth 210 million dollars to Guinea
Mumbai, August 19 (PTI) Exim Bank has granted Guinea soft loans worth USD 210.73 million on behalf of the Indian government to support various projects in this African country.
A $ 170 million line of credit (LOC) has been granted to finance and strengthen the Greater Conakry-Horizon 2040 drinking water supply project in Guinea, the RBI said in a statement on Thursday.
This agreement was signed in December 2019 between Exim Bank and the Government of Guinea. The LOC agreement is effective from August 11, 2021, he said.
In addition, a line of credit of USD 20.51 million has been provided to finance a project for the construction and modernization of regional hospitals in Kankan and Nzerekore. A LOC of US $ 20.22 million is intended to finance two solar projects in the country.
In view of the rupture, the press release indicates that the solar project to supply electricity and drinking water to seven public universities in Guinea will cost $ 14.40 million, while the solar electrification and refrigeration project in 200 establishments health care will cost $ 5.82 million.
These two LOC agreements also entered into force on August 11, 2021. PTI KPM ABM
Warning :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI