July 19

The Bita Drinking Water Megaproject in Angola Registers $500 Million in Financing

By Jean Marie Takouleu

The World Bank and the French Development Agency (AFD) have just signed a $500 million financing agreement with the Angolan authorities. The financial institutions are thus supporting the implementation of the Bita drinking water project, which will benefit 7.5 million people in Luanda and its surroundings.

The project to supply drinking water to Luanda from Bita has received new financing. This involves 500 million dollars granted by the World Bank and the French Development Agency (AFD). The financing agreement was signed recently in Luanda by the Angolan Minister of Finance, Vera Daves, the World Bank regional director for Angola, Jean Christoph Carret, and the director of the French Development Agency (AFD) in Angola, Souchet Louis-Antoine.

Photo Courtesy of John Hogg / World Bank.

Source: Afrik 21 (link opens in a new window)