Government and Islamic Bank ink agreement for water and sewage networks
The Council for Development and Reconstruction (CDR) and the Islamic Bank for Development signed an agreement for the construction of a drinking water and sewage network in the Akkar Valley.
The project has a maximum budget of $52.7 million, which will be repaid to the bank through semi-annual payments over 16 years. The first payment is due six months after the finalization of the project, which is estimated at four years.
With the purpose of improving the health conditions of the residents, the project involves building facilities for transporting, distributing, storing, and pumping drinking water. It also includes building a network for sewage treatment.
Date Posted: Sep 02, 2011