KFAED signs KD 9.5 mln loan agreement with Mali

KUWAIT, Oct 14  A loan agreement, totaling KD 9.5 million (USD 32 million), was signed between Kuwait Fund for Arab Economic Development (KFAED) and the Republic of Mali to finance a drinking water project in the Bamako capital district.
According to a statement by KFAED on Saturday, the loan will also help improve social development and economy in the area, through providing adequate amounts of water as a source from Niger River to needed areas due to increase demand of water.
The project consists mainly of civil and electromechanical works to expand the Bamako water project, as a first phase through the construction of a new water treatment plant and the laying of conveyor lines, as well as the construction of reservoirs, pumping stations, distribution networks, household connections and water taps.
The project also includes the provision of consultancy services for the preparation of detailed designs, tender documents, and supervision of implementation, institutional support and project management.

Kuwait News Agency

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