Securing and Strengthening the Supply of Drinking Water to the City of Nouakchott in Mauritania
A loan agreement for 25 KD Million was signed in Kuwait on the 8th of March 2022 to help finance a project for "Securing and Strengthening the Supply of Drinking Water to the City of Nouakchott".
The loan agreement was signed by H.E. Othman Mamodo Kan, Minister of Economic Affairs and Promotion of the Production Sectors, on behalf of the Government of the Islamic Republic of Mauritania, and by H.E. Mr. Bader Mohammed AL Saad, Director General/ Chairman of the Board of Directors of the Arab Fund, on behalf of the Fund.
The project aims at covering the deficit in meeting the demand for drinking water, expected to occur in the city of Nouakchott in the year 2023, and meeting the future demands of its residents up to the year 2034, through the rehabilitation of existing wells and the drilling of new wells in the Idini Basin, the collection and transport of the water from these wells to the city's tanks, along with the strengthening of some existing installations that were completed within the Aftout Coastal project.
The project includes the following main components:
The loan will carry interest at 2.0% per annum, and will be repayable over 31 years, including a 7-year grace period.
The "Société Nationale de l’Eau (SNDE)" will be the beneficiary of the loan and will be responsible for the implementation of the project.
With the signing of this loan, the Arab Fund’s total contribution to financing projects in the Islamic Republic of Mauritania amounts to KD 795.70 million.