(MENAFN) A loan agreement worth KD7.5 million (USD25.5million) has been signed between Kuwait Fund for Arab Economic Development (KFAED) and Tajikistan aimed at repairing the roads in the central Asian nation, KUNA reports.
The endeavor entails reconstruction of sprawling roads stretching over 32 kilometers, in addition to building a pair of weigh stations, the statement noted.
KFAED has previously granted Tajikistan a quartet of loans at a cost of KD 17.2 million (USD 57 million) in a bid to usher overall development to the country.
Since its inception in 1961, the Kuwait-based fund has churned out loans and grants in an effort to contribute to economic growth in developing nations.
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