Friday, March 27, 2015

Kuwait invests $ 25,5 million in hydraulic networks Havana

Kuwait invests $ 25,5 million in hydraulic networks Havana
14YMEDIO, La Habana | Marzo 26, 2015

The Kuwait Fund for Arab Economic Development awarded $25,5 million for
the rehabilitation of water supply and sewer networks in Havana, as
reported Thursday in the official media. With the signing of three
agreements Wednesday, the second phase of the project gets underway; the
project began in 2012 when the Fund awarded a credit to work on water
resources in the capital.

The total amount of Kuwaiti aid for rehabilitation of networks amounts
to $52 million in the last three years. It is expected that the works
will be completed in all of the capital's municipalities within 14 years.

The Cuban side at the time of the signing of the agreements was headed
by Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca,
while the general director of fund development, Abdulwahab Al-Bader,
represented Kuwait.

"This is the fourth time we concluded agreements with the island and we
are committed to continuing to provide credit to support works of such
magnitude," said Al-Bader. He added that his institution is ready to
support the third stage of the capital rehabilitation and also evaluate
the potential to contribute financially to other projects related to
renewable energies.

The situation of hydraulic networks in Havana is a source of constant
complaints from the population and heavy loss of water due to leaks and
breaks. It is estimated that over 50% of the water pumped in the
country is lost due to poor distribution infrastructure.

Source: Kuwait invests $ 25,5 million in hydraulic networks Havana -

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