News Column

Bauchi to Get U.S.$65 Million World Bank Loan for Water Project

July 7, 2014

Ahmed Mohammed

The Bauchi state government has completed all arrangements to enjoy a World Bank loan facility to the tune of $65 million to upgrade the Bauchi Water Supply Scheme.

The loan facility is geared towards the provision of adequate potable water to meet the need of the growing metropolitan population.

Under the arrangement, the government is to upgrade the equipment at Gubi dam, especially the power generating plants, provide 50 kilometers of pipelines to replace the old ones, and add 100 kilometers of pipelines to boost water reticulation within the metropolis.

The State's Commissioner of Water Resources, Dr. Bappah Azare told reporters yesterday in Bauchi that the State Executive Council last Wednesday ratified the agreement.

The agreement which has a counter-part funding from the state government to the tune of $6.5 million with an implementation period of six years will also see to the provision of Feeder Power Line to the Gubi Dam, source of the Bauchi metropolis water supply scheme.

Dr. Bappah said the agreement entailed the signing by Governor Isa Yuguda of irrevocable standing order to the Federal Ministry of Finance, signifying confirmation of deduction at source from the state account allocation to augment the loan agreement.

He assured that with the successful implementation of the World Bank loan agreement, adequate potable water would be available in places that had little or no water.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AllAfrica

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters