The United Stated will lend Israel $6,000,000 for expansion of electric power facilities in Tel Aviv, it was announced by the Texas White House here yesterday. The loan, it was said, will bring to $37,000,000 the monies lent Israel by the U.S.A. to assist electric power development there.
The new loan, it was noted by the White House, is the remainder of a $17,000,000 loan made to Israel by the Agency for International Development in 1963 for a power generator in Haifa.
The new loan will be the sixth granted to Israel by the United States for power generation. The announcement of the latest move stated that President Johnson had made the decision.
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