$ 30 million Grant [Archives:1999/51/Local News]

December 20 1999

The Yemeni government received a grant of $ 30 million from the Spanish government. About $18 million was allocated to the fourth energy project (A). The other $12 million of this grant was allocated to the Al-Sadah electricity project in Ibb governorate. It is crucial that the sum allocated to this project will cover around 70% of the costs of the electricity project in Al-Sadah. The Yemeni government has asserted during the meetings of the organization of the Economic Cooperation and development of the Donor Countries in France recently that it makes the best use of the loans received. Measures to deliver some parts of the loan will set off at the beginning of the coming year.