23.02.2012 - Dubai raises $675 mln financing for Al Sufouh tram project
Dubaiís Department of Finance raised $675 million from a dual-currency financing to complete phase 1 of the Al-Sufouh Tram project in the emirate. The facility comprises a $401 million loan which will amortize over 10 years from 2015, the governmentís Media Office said in an e-mailed statement today. The second portion is a six-year $274 million Islamic Ijara facility, split equally in dollars and dirhams, and amortizing over three years from 2015...............................................Full Article: Source
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