Agreement Approved for $45 Million in French Credits for Israel

An agreement to implement the expanded French credit for $45 million to Israel was signed last week, and some of the equipment purchased with these credits has already arrived in this country, it was learned here today in informed circles.

Included among the projects to be financed by the French credits are the expansion of existing port facilities at Elath, the construction of additional pipeline facilities to and from that harbor and municipal sanitation projects.

It is understood here that Israel will now attempt to obtain from other Western countries, including the United States, political and financial backing for the projects which the French are already aiding.

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