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$360 million loan for Sudan infrastructure
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Mar 31, 2011 - 7:19:47 AM

$360 million loan for Sudan infrastructure

Michael Palmer , March 31st, 2011

A $360 million loan from Kuwait-based Arab Fund for Economic and Social Development will help Sudan to finance a new airport, and also two dams which boost power supplies and irrigate farmland.

Of the loan, $175 million will go to building the Atbara and Seteet dams in Kassala state which, on branches of the Blue Nile, will help to irrigate farmland and generate a combines 200 megawatts.

The $10 million not spend on the dams and airport has been earmarked to fund water projects in Kassala, Al-Qadaref and Red Sea state, and the financing is expected to benefit Sudan both socially and economically.

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