African Development Bank Group supports the completion of Thwake dam with € 68.39 million in additional financing
Kenya, June 12 -- The Board of Directors of the African Development Bank Group has approved, on 22 May, €68.39 million in additional financing to secure the completion and long-term sustainability of Kenya's Thwake Multipurpose Water Development Program Phase I, a flagship initiative under the nation's Vision 2030 strategic plan.With construction now approximately 90% complete, this approved financing will guarantee the safe delivery of the project to its full design specifications, realising its intended economic and social benefits.The original Phase I project costs, approved in 2013, included a $96.22-million financing package from the African Development Fund, the Bank Group's concessional window. The additional financing package ...
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