RPP Infra gets funding from Gabon bank for housing project

Chennai : Chennai August 30, 2011, 0:02 IST:RPP Infra Projects Ltd on Monday announced that it had received in-principle approval from two banks in Republic of Gabon and Congo, to fund its Rs 1,500-crore (Euro 250 million) mass housing contract in Gabon.

Ecobank of Libreville, Gabon, and BDEAC Bank, Brazaville (Congo), have approved the funding for the Gabon Housing project, said a company announcement. Out of this, Ecobank has already sanctioned Rs 170 crore for the project, as funding for the first phase