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African Development Bank to Fund Drinking Water Project in Mali

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Oct. 10 (Bloomberg) -- The African Development Bank agreed to help finance a drinking-water project to supply 1.6 million people in Mali’s capital Bamako, which has been suffering from a shortage.

The loan approval will aid in funding project works to produce 144,000 cubic meters of potable water a day to Bamako and regulate the price of water at standpipes to boost access to supplies for the poor, the Tunis-based bank said in a statement.

The water works and a related plan to build a sewage-treatment plant, storage tanks and an 880-kilometer (550-mile) distribution network is part of a total project estimated to cost $361 million that includes financing by the European Union and World Bank. The African development bank’s loan is for $75.5 million, it said yesterday.

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To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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