Ghana🇬🇭, India 🇮🇳Sign $30m 👉Loan for Yendi Water Project

  |   Ghana News

The government has signed a $30-million concessional loan facility with the Export-Import (Exim) Bank of India for work to begin on the water supply expansion project for the people of Yendi in the Northern Region.

The facility will be used for the construction of a 15,000m3/day (3.3MGD) conventional water treatment plant, a 25-km transmission pipelines, water booster station and reservoirs.

The loan is expected to be repaid within 25 years at an interest rate of 1.5 per cent and a moratorium of five years.

About 133,000 people in the Yendi municipality and beyond are expected to benefit from the project which also involves the rehabilitation and extension of distribution networks, approximately 50-km.

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