| Project Detail |
First Project: Reinforcement of Desalinated Water Transmission Lines in both the Ash-Sharqiyah Governorates of the Sultanate of Oman (Supplementary Loan).
A loan agreement, valued at KD 25 million, was signed to help finance the project which aims at facing the current deficit in meeting the existing demand for drinking water and meeting the growing future demand in both Ash-Sharqiyah Governorates, through the laying of pipelines to transfer desalinated water from the recently completed expansion of the Soor station, and the Al Ashkara plant, expected to be completed in 2020. The project will provide drinking water to states of the northern Ash-Sharqiyah Governorate, most of which lack water distribution networks and whose residents resort to water tankers to obtain the water they require. The project will also enable the provision of water to a number of industrial and tourism projects, and public utilities in the project area.
The project includes the following main components:
Facilities for the reinforcement of desalinated water transmission lines.
Technical services.
The Arab Fund loan will carry interest of 2.5% per annum, and will be repayable over 30 years including a 4 year grace period.
The Oman Power and Water Procurement Company is the beneficiary of the loan, and responsible for the supervision and implementation of the project. |
