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Syria and Kuwaiti Fund Signed Agreement to Expand Damascus Water Network
Last 9 March, Syria and Kuwaiti Fund for Arab Economic Development (KFAED) signed an agreement to provide Syria with a loan to rehabilitate and expand Damascus potable water network.
The amount of the loan, signed in the State Planning Commission, is 15 million Kuwaiti Dinars (51 million U.S Dollars). The project is expected to meet Damascus and its suburbs needs from potable water till 2022. It will also improve the effectiveness of the network and decrease lost water.
Earlier in the day, Prime Minister Mohammed Naji Otri reviewed with the KFAED Director General Abdul Wahab Al-Bader prospects of developing the existing cooperation relations between the two brotherly countries in various areas.
Emphasis was put on the Kuwaiti bank's role and contribution in supporting and financing development projects in Syria, particularly electric power, irrigation and agriculture and drinking water projects, including irrigation project of the Tigris River in Hasaka province and dragging the Euphrates water to the central region.
| Contact information | n/a |
|---|---|
| News type | Inbrief |
| File link | n/a |
| File link local |
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| Source of information | Syrian – German Development Cooperation in the Water Sector, Quarterly press review – No.1 - 2010 |
| Keyword(s) | irrigation, drinking water projects |
| Subject(s) | AGRICULTURE , DRINKING WATER , FINANCE-ECONOMY , INFRASTRUCTURES |
| Relation | http://www.emwis.net/countries/fol749974/sy |
| Geographical coverage | Syria, Kuwait |
| News date | 08/04/2010 |
| Working language(s) | ENGLISH |
