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10Feb94 ROMANIA: CHINESE LOAN - FOR AIRPORT UPGRADE.

Romania's privatisation body, the Private Ownership Fund, says it has secured a US$330 million loan from China to upgrade the local airport at Bacau, north of Bucharest, to international status within three years. The money will also go towards creating a commercial area in the city, including a luxury hotel. Chinese contractors will project manage the developments. CONSTRUCTION NEWS

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