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From sudaneseonline.com Latest News
$360 million loan for Sudan infrastructureA $360 million loan from Kuwait-based Arab Fund for Economic and Social Development will help Sudan to finance a new airport, and also two dams which boost power supplies and irrigate farmland. Of the loan, $175 million will go to building the Atbara and Seteet dams in Kassala state which, on branches of the Blue Nile, will help to irrigate farmland and generate a combines 200 megawatts. The $10 million not spend on the dams and airport has been earmarked to fund water projects in Kassala, Al-Qadaref and Red Sea state, and the financing is expected to benefit Sudan both socially and economically.© Copyright by sudaneseonline.com |