The UK government has secured financing for the construction of a drainage network over 350km long which will bring clean water to tens of thousands of residents in the Al-Hillah district of Iraq, to the south of Baghdad.
The financing comprises a guarantee for £113m in financing arranged by Standard Chartered Bank, as sole Structuring Bank, Mandated Lead Arranger and Agent, and a £113m direct loan from His Majesty’s Treasury. UK Export Finance – the government’s export credit agency – has ensured that the government of Iraq can access £226m in financing to…
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