A special mission from the Washington headquarters of the World Bank has completed its studies of projected, large-scale developments in Israel, and will report to the bank’s directorate before June 30, it was announced here today by Stewart G. Mason, head of the mission.
Mr. Mason, who heads the bank’s India-Israel desk, has been here for several weeks with a team of experts studying on the spot the various projects. These include plans for port developments at Haifa, Eilat and the new port of Ashdod, totaling costs of $65, 000,000 and plans for expansion of Israeli potash production, to cost $80, 000, 000.
The figures, however, refer to the total costs of the projects, and not to the sums being requested in Israel’s long-pending loan application before the bank. The mission, according to Mr. Mason, will make its recommendations to the bank directorate before the expiration of the current fiscal year, which ends June 30. If the projects are approved, the bank directorate will determine the size of the loan.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
