Mon 23 Apr 2007, 12:35 GMT

BRUSSELS (Reuters) - The European Union launched on Monday a 347 million-euro trust fund to disburse aid for infrastructure in Africa to help build road, rail, energy, water and telecoms networks.

The European Investment Bank (EIB), the EU's soft lending arm, will provide 260 million euros of low-interest loans, with a focus on cross-border projects under the terms of an accord signed on Monday, the European Commission said in a statement.

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Posted by pichu at April 23, 2007 9:59 PM