TEL AVIV (Jun. 24)
Tahal; Israel’s water resources planning company announced today that it has pulled all of its personnel and their families out of Managua, the capital of Nicaragua which is now a battlefield between the Sandinista rebels and the Somoza government. The move means abandonment of an eight year irrigation and water systems contract granted the Israeli firm by the Somoza regime three years ago.
The contract brought Tahal revenue of more than $1.5 million a year and still had five years to go. The company has also abandoned its heavy machinery and other equipment in Nicaragua but that loss is insured. What it fears most is that the revolt in Nicaragua may spark similar uprisings in other Central and South American countries where Tahal is working under contract.