Venezuelan lawmakers approved the conditions of USD 417 million of loans from Banco Bilbao Vizcaya Argentaria SA and Japan Bank for International Cooperation to finance transportation projects and a steel plant.
The state news agency AVN said that BBVA will lend Venezuela EUR 162 million (USD 211 million) for a steel plant, while Japan Bank for International Cooperation will lend JPY 17 million (USD 206 million) to finance construction of warehouses for Caracas-Cua train line.
Source:
http://www.steelguru.com/international_news/Venezuela_approves_terms_on_USD_417_million_loans_AVN_Reports/294449.html
