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TCL-Gets Loan

Trinidad Cement Company Ltd. and the International Finance Corporation, the private sector arm of the World Bank signed a contract for US$105 million of which US$85 million will be used for the financing of the Caribbean Cement Company’s Expansion and Modernization Programme. The signing took place at the Conference Room at the Minisitry of Finance & Planning on July 22, 2005.

The expansion programme is expected to  result in the reduction of carbon emissions and the general improvement in environmental standards.