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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

Tuesday, July 22, 2008

Morocco establishes USD 2mn sewage plant in Al Hoceima.





Morocco establishes USD 2mn sewage plant in Al Hoceima. Morocco's King, Mohammed VI, inaugurated a USD 2mn sewage collection and pumping system in the north-eastern city of Al Hoceima , Maghreb Arabe Presse reported. The system includes 6 water collection plants, built as part of a USD 33.2mn liquid purification program aimed to clean up the Cala Bonita and Sabadilla beaches as well as the port's basin. The Moroccan government is also working for a USD 1.3mn flood prevention project in the same city which provides for laying 115 meters of water pipes, a 160-meter protection wall and a 160-meter long rainwater evacuation channel.







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