|
Asian Development Bank (ADB) has approved
financing to the value of US $ 83 million
for the Dry Zone Urban Water and Sanitation
Project. Of this amount US $ 23 million will
be a grant and the rest will be a loan
payable in 32 years with a grace period of 8
years. Interest will be at the rate of 1%
per annum during the grace period and 1.5%
thereafter. Government financing will amount
to US $ 28 million.
The Project will directly benefit
approximately 200,000 people (at project
completion, 420,000 by 2030) in urban areas
of the northwestern dry zone by providing
safe drinking water and improved sanitation.
In addition, around 100,000 will gain access
to improved sanitation More than 400,000
will benefit from improved water management
and distribution, as well as improved
ecology.
|