Financing secured for wastewater in Bekaa
Islamic Development Bank will fund with $27 million
The Parliament ratified a loan agreement with the Islamic Development Bank (IDB) for the implementation of the second phase of a wastewater treatment project in West Bekaa. The value of the loan is $27 million.
The project aims to provide with its two phases wastewater treatment for the entire area. The first phase was also funded by the IDB.
The second phase includes the construction of pipelines linking the network of 11 pumping plants also to be constructed.
The loan will be repaid over a period of 19 years. Consultants on the project are Dar Al Handassa Nazih Taleb and Montgomery Watson Harza.
Reported by Yassmine Alieh
Date Posted: Apr 25, 2014