Lebanon Businessnews News
 

Drinking water project for Bsharreh
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A loan agreement valued at $37 million was signed between the Kuwait Fund for Arab Economic Development (KFAED) and the Council for Development and Reconstruction (CDR) for the financing of the Potable and Irrigation Water Supply Project in Bsharreh.

The project aims to assure an adequate and constant potable water supply to meet Bsharreh’s acute water shortage. It will include the construction of 11 tube wells with a total production capacity of about 10,000 cubic meters per day. It will also include the construction of 55 kilometer-long water transmission mains, the construction of 18 water storage tanks, with capacities ranging between 100 and 200 cubic meters, and to serve various villages, the construction of 15 water distribution networks with a total length of 145 kilometers

The project will also include the construction of a reservoir for surface water in Ouadi Ech Chech with a capacity of about 200,000 cubic meters, and the laying of seven kilometers of pipes for irrigation by gravity. The aim is to provide more water to meet irrigation needs and to allow for the cultivation of an additional 28 hectares (280,000 square meters) of land.

The loan has a 25-year term, including a grace period of five years, and bears interest at the rate of two percent per annum. This is in addition to a service charge of 0.5 percent for expenses. The loan will be repaid in 40 semi-annual installments.
Reported by Yassmine Alieh
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Date Posted: Mar 27, 2017