Iraq signs a “Japanese loan” agreement worth $300 million

by times news cr

2023-12-24T17:16:52+00:00

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/ Today, Sunday, Iraq signed a loan agreement worth $300 million from the Japan International Cooperation Agency (JICA) to finance a project to improve water supplies in the city of Samawah in Al-Muthanna Governorate in the south of the country.

Minister of Finance, Taif Sami, told Agency, “A loan was signed for the project to improve water supplies in Samawah for more than 45 billion yen, equivalent to approximately 300 million dollars,” with the aim of supplying the people of the governorate with drinking water.

The minister added, “The project will contribute to developing the amount of potable water in the governorate and the effective use of water resources through the establishment of water treatment and desalination plants in the city of Samawah, in addition to installing water lines from the main station to sub-pumping stations,” according to what the Iraqi News Agency reported.

The project aims to provide drinking water to the people of Samawah, through the establishment of the first large-scale water treatment plant in the governorate. Upon completion, the project will be able to supply the local population with water for more than 12 hours per day.

Japan has provided loans from JICA to build about 30 huge infrastructure projects in Iraq so far, and there are 5 proposed projects, including a two-stage loan project for the year 2024.

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