Sept. 6 (Bloomberg) -- Namibia’s Treasury will finance the building of a 2.87 billion Namibian dollar ($281.5 million) dam that will be the country’s biggest source of inland water.
Construction of the Neckartal Dam on the Fish River in the south of the country officially starts on Sept. 22. and will take three years, Joseph Iita, permanent secretary in Namibia’s Ministry of Water and Forestry, said in an e-mailed response to questions today. Milan-based Salini Costruttori SpA, won the building contract.
The southern African nation is in the grip of the worst drought in at least three decades, compelling the government to declare a state of emergency in May.
Neckartal will provide drinking water and irrigation for as much as 5,000 hectares (12,355 acres) of crops, Iita said.
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