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Drinking-water and sanitation projects get $ 62 million from Germany
Morocco-Germany, Economics, 11/18/2000
Morocco and Germany signed in Rabat Friday several financing contracts worth $ 62.1 million destined to drinking-water and sanitation projects in the kingdom.
From the Funds supplied by the German development institution "KFW," $ 27 million will go to the drinking-water office "ONEP" to finance a water-supply project in northern Morocco. Half of the amount benefits from a special rate while the other half is subjected to market interest rates.
Another water-supply project meant to service several small centers countrywide gets over $ 13 million under special terms.
The remaining amount is extended as a donation to help upgrade sanitation in small centers and buy equipment for natural resources protection in Souss-Massa-Tazekka and Toubkal.
Previous Stories:
Spain funds $ 2.4 mln drinking water projects in Morocco
(11/14/2000)
No suicidal fishery agreement with EU, says minister
(11/14/2000)
Development of northern provinces a priority, Youssoufi
(11/8/2000)
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