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Parliament Passes Italy Loan for Railway Project

The Lower House of Parliament has approved a 65 million Euro loan from Italy for the Herat-Khwaf railway project which would be a long-term loan.
Parliament Passes Italy Loan for Railway Project

An agreement on this regard was signed between parliament’s commission of financial affairs on Wednesday.
Azim Mohseni, head of the commission, called the long-term loan as “urgent” to include the national budget.

The government of Italy is to finance the second phase of the Herat-Khwaf railway project from Rabat Beryan to Herat airport, according to the agreement.
The loan is said to be paid in three installments with 40 million Euros at the first and second installments, while the remaining 25 million Euros would be paid at the third installment.
 
Source : Afghan Voice Agency(AVA)
Thursday 16 January 2020 16:36
Story Code: 200916 Copy text available
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