Islamic Development Bank Lends Albania $13.35 Mln for Water Supply Project

The 25-year loan has a grace period of seven years and carries an interest rate of 2.5%, the ministry said in a statement.

The water supply project will be implemented in the southwestern town of Orikum, on the Ionian Sea, and is estimated to cost $16.5 million. The reminder will be financed from Albania’s state budget, the statement said.

($=0.7809 euro)