The Republic of Chad and the Arab Bank for Economic Development in Africa (BADEA) have signed, at the sideline of the summit of the G5 Sahel countries held in Nigerien capital Niamey last week, a loan agreement, whereby BADEA grants Chad a loan of US $ 15 million, to contribute to the financing of the Drinking Water Supply project in the town of Abéché.
The loan agreement was signed, on behalf of the Arab Bank for Economic Development in Africa (BADEA) by H.E. Dr. Sidi Ould TAH, Director General and for Chad by S.E. Mr. Issa Doubragué, Minister of Economy and Development Planning
BADEA's loan is refundable over a 30-year period, including a 10-year grace period, with an annual interest rate of 1%.
The objectives of the Drinking Water Supply project are as follows: Improving the living and health conditions of the inhabitants of the city of Abéché and reducing poverty through the improvement of the services of drinking water supply. Securing the needs of drinking water to the populations until 2035 horizon,
The increase of the current rate of drinking water from 40% to 100% up to 2030,
Improving the performance of the existing network and extending the distribution network to the cities (49 out of 85 districts). Improving the performance of the drinking Water supply services through the support and capacity building of Abéché.