Kuwaiti Extends $200m Loan for Electricity Projects in Eastern Sudan
Khartoum - The Executive Director of the Fund for Rehabilitation and
Development in Eastern Sudan, Engineer Abu-Obieda Mohamed Duj, has
announced completion of studies and designs on electricity projects in
eastern Sudan, praising the State of Kuwait for its commitment during
the Donors Conference for Eastern Sudan Development.
Engineer Duj affirmed during a meeting at his office Monday with the
visiting mission of Kuwaiti Fund for Arab Economic Development that the
work in the project would begin before the end of the current year,
asserting the full coordination between the fund and the parties
concerned with implementation, supervision, operation and maintenance.
He touched on the positive impact of the project and the development
progress that would be realized following establishment of the lines
carrying electricity and connecting them with the lines coming from
Sinja, Siteit and Meroe Dams, in the fields of housing, agricultural and
industrial sectors in the three states of eastern Sudan.
Meanwhile, member of the mission and the Legal Advisor of the Fund,
Nawaf Abdallah Al-Mahal, announced completion of the administrative
procedures for the initial signing of the loan agreement for financing
of electricity project for the eastern Sudan scheduled for next week at
57 million Kuwaiti dinnars (about 200 million dollars), praising the
high professionalism of the staff of the Fund for Rehabilitation and
Development of Eastern Sudan in preparation for feasibility studies and
engineering designs.
__________________Sourced from prolific blogger Lady Gaga at Skyscraper City.
In other news,
Kennan Sugar Company and ERIDANIA one of the biggest Italian sugar companies will sign soon an agreement to erect a Sugar Refinery in Port Sudan for export, an investment that is estimated to reach about $130 million and considered one of the biggest European investments in Sudan...
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