AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 13 September 2010, the Government of India agreed to provide a loan of USD 72.55 million to the Government of the Lao PDR for financinggoods and services including consultancy services to finance the development of:
- the 230 KV double circuit transmission line from Nabon to Thabok and substations (USD 34.68 million); and
- the Nam Boun 2 hydropower projects (15 MW) (USD 37.86 million).
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.
The credit agreement came into force on 2 November 2010.
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