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You are here: Home»World»Middle East»World Bank to spend $6.4mn on Gaza water project

world-bank 400WASHINGTON: The World Bank on Tuesday approved a $6.4 million grant to improve water and sewage services in the Gaza Strip in the wake of an eight-day firefight between Israel and the territory's Hamas rulers.

 

The infrastructure in the impoverished Palestinian enclave -- with a population of more than 1.5 million people -- has been deteriorating in recent years and the area is now "choked with untreated sewage," the Bank said.

 

"We are concerned about the lack of clean water supply and the deterioration in the quality of water resources in the Gaza Strip," Mariam Sherman, World Bank Country Director for the West Bank and Gaza, said in a statement.

 

"The new project is very important to Gaza citizens. Not only will it increase the sustainability of water and sewage networks, but it will also allow the utility to better serve the needs of their customers."

 

The latest project will fund the construction of water tanks, the connection of major wells to the supply grid and the reduction of costly leaks.

 

It will also be aimed at helping the local utility to enhance billing and customer services, the Bank said.

 

The World Bank will be partnering with the Islamic Development Bank, which is making a parallel contribution of $11.14 million.

 

Copyright AFP (Agence France-Presse), 2012


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln