water infrastructure

N$2 billion funding for road, water infrastructure

N$2 billion funding for road, water infrastructure

Obrein Simasiku A combined funding of N$2 billion, will be geared towards the upgrading of the 33km stretch between Usakos-Karibib, as well as the construction of a direct portable reclamation plant in the central area, including the Namibian Water Sector Support Program (WSSP) for the northern parts. The German government in collaboration with the KFW Development Bank, will bankroll the construction and rehabilitation of road networks and water infrastructure in Namibia, through a concessional loan signed today. About 40 million Euros (N$746 million) is for road construction, while 50 million Euros (N$932 million) is for water infrastructure. A further loan…
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