Monday, April 17, 2006

Two industrial plans to be developed in Cuba

Iran Press News: Translation by Banafsheh Zand-Bonazzi.
Towse’eh Saderat Bank (the expansion of exports bank) has guaranteed the loan for the development of exporting technical services, engineering and planning for pompage stations and establishment of water refineries in Cuba.

The regime-run news agency, ILNA reported that Dr. Kohzadi, the director of public relations of Towse’eh Saderat Bank announced: The value of the contract for financing these projects is more than 4.5 million Euros; our bank will pay 85% of the amount to the handler of the disbursement plan. Reimbursement of the loan for said facilities will be amortized over 5 years and 10 consecutive installments.

These establishments are being planned for development in the cities of Ponce and Havana; these installations will transform the living conditions of the residents of that area and it will have an extraordinary effect on their economic and social conditions.”

A member of the high assembly of national exports emphasized: “Towse’eh Saderat Bank’s financial guarantee of these projects in Cuba is with the intention of expansion and multi-faceted support by exporting technical services and engineering and the safe deposit box of the exports will provide insurance coverage for them as well.”

While the innocent people of Iran go without, the Islamic Republic of Iran finances projects for other rogue regimes such as that of Castro’s Cuba. READ MORE

* Pompage – The removal of gases and vapors from a vacuum system
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