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U.S. Lends $6, 800, 000 for Two Israeli Development Plans in Negev

May 31, 1963
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Israel was granted today two loans, totaling $6,800,000, by the United States Administration for International Development. One loan is for $4, 400,000 for enlargement of the Timna Copper Works in the Negev area. The other, for $2,400,000, is for an electric power and desalination plant at Eilat. Each of the loans is for a 20-year period, at interest of two percent.

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