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29/03/2010
Signature of two agreements with the Kuwaiti Fund for Arab Economic Development

The Energy and Water Minister Eng. Gebran Bassil sponsored at his office in the ministry the signing ceremony of a loan agreement and a grant agreement between Lebanon, represented by the President of the Council for Development and Reconstruction Eng. Nabil El-Jisr and the Kuwaiti Fund for Arab Economic Development, represented by the Fund Director General Mr. Abdulwahab Al-Bader.

The first agreement is devoted to fund Al-Qaysmani dam for drinking water and is worth $19 million, while the executive agreement belonging to the Fund grant is to finance the project of strengthening public services in the towns of Falougha, Hamana, Alshabaniah and Bhamdun Al-Mahata, the value of this project is about $5 million.


The signing of the agreements was done in the presence of the Charge d'affaires of Kuwait, Mr. Jassim Al-Najem, the Resident Director of the Office of the Kuwaiti Fund in Lebanon, Dr. Mohammed Al-Sadiki and the Regional Director for Arab dams Mr. Marwan Al-Ghanim.



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