Liberia: Sealed Deal for Hydro!

The Government of Liberia and the European Investment Bank or EIB Thursday sealed a loan deal worth EURO 50 million (US$65m) as part of a financing arrangement for the Mount Coffee Hydro Power Plant rehabilitation.

The loan comes with a high concessional interest rate of 1.42%, amounting to US8m payable over the period of 20 years with 4-years grace period.

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