Mauritania receives 39 million USD to restore its drinking water network
24 February 2011
The Kuwaiti Development Fund has signed a financing agreement with Mauritania to the value of 39 million dollars, to finance a transport and water distribution infrastructure project in Nouakchott.
The town is supplied with drinking water by a dilapidated network, which recently collapsed in several places because of the high pressure of the water being drained.
The funding will finance the restoration, the development and the modernization of the distribution network across the town.
The minister for economic affairs and development, Mr. Sidi Ould Tah, and the legal advisor of the Kuwait Development Fund, Newaf Abdoullah Al Mouhamil, supervised the signature of the loan agreement last Tuesday at Nouakchott, it was confirmed by the APA press agency.
A second agreement concerning a grant of 3 million dollars was also signed. It will go to finance development and micro-credit projects.