Tuesday 16 January 2018
ADB Approves 3-Year Extension of Water Project in Afghanistan
Keywords:
KABUL (ADB press service) — The Asian Development Bank’s (ADB) Board of Directors has approved the 3-year extension of the availability period of the multitranche financing facility (MFF), approved in 2009, for the Water Resources Development Investment Program aimed to improve agricultural productivity in Afghanistan.
The 3-year extension, which will run from 22 September 2019 to 21 September 2022, will allow the project under the MFF’s second tranche to be completed. The project’s second tranche was approved in October 2013 and is comprised of a $100 mln grant. The project will rehabilitate and improve the main irrigation canals and associated intake structures in two irrigation zones of the Lower Kokcha Irrigation System.
The MFF’s outputs also include development of new irrigation, flood management, and water resources infrastructures; improvements of related institutional frameworks and policies; and strengthening of relevant agencies’ capacity.