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Kuwait Fund to finance new road

    ISLAMABAD
    The Kuwaiti Fund of the Arab Economic Development Bank agreed on Wednesday to grant a credit of over US $16 million to help restore and develop Tajikistan’s ailing infrastructure, reported ITAR-TASS. The agreement was signed between the Tajik Transport Minister Abdudzhalom Salimov and a director of the Kuwaiti Fund, Hesham Al-Wekayam who is on a working visit to Dushanbe. The loan will be used to finance construction of a 38 kilometer motorway which will connect Dushanbe and eastern Tajikistan with the mountainous region of Gorno Badakshan, which is regularly cut off from the rest of the country in winter. Al-Wekayam said that this was the first Kuwaiti loan to Tajikistan, and the Fund was considering a number of other projects relating to the restoration and development of the country’s infrastructure, it was reported.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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