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German development bank KfW loans Albania on waterworks

Xinhua, April 18, 2017 Adjust font size:

The Albanian government and German Development Bank KfW on Tuesday signed three financial agreements on municipal infrastructure programs worth 47 million euros (50.4 million U.S. dollars), the Albanian finance ministry said in a press release.

According to the ministry's statement, the agreements aim to improve the water supply and sanitation system in the country's eight municipalities.

Representatives of the Albanian government believe the three agreements are crucial for funding water supply and canalization projects in several municipalities in the south and southeastern Albania.

The funds are being provided by a 35-million-euro loan from the German government, a 10.4-million-euro grant from the Swiss government, and grant from the German government valued at 2 million euros.

The objective of the program is to ensure a sustainable service that will supply the population with potable water, as well as the collection, removal and treatment of the waters, finance minister Arben Ahmetaj said.

Transport and infrastructure minister Sokol Dervishaj said the cooperation with Germany had started to yield fruit for Albanian citizens as at the end of these projects, problems with water supply in these areas would end. Endit