Republican decrees issued

SANA’A, March 25 (Saba) – President Ali Abdullah Saleh issued on Thursday three Republican decrees endorsing agreements for financing developmental projects. The first decree numbered 6/2004 approved developmental loan agreement between Yemen and the Arab Fund for Economic and Social Development (AFESD) to finance the construction of bridges in main crossroads of the capital Sana’a a total cost of Kuwaiti Dinar 15 million ($ 50 million.( The second decree numbered 7/2004 endorsed a loan agreement between Yemeni government and the Islamic Bank for Development to construct the Aden Engineering Faculty with a total cost of seven million Islamic Dinars (about $ 9 million). The three decree numbered 8 /2004 approved a developmental loan agreement between Yemen and AFESD to construct the gas-generated power station in Marib governorate with a total cost of $ 84 million. The last article of those decrees stipulated that they are enter into force from the day of issuance and be published in the official gazette. NA/KM SABA