Wednesday, 17 July 2019 12:16 GMT
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Kuwait signs USD26.45m loan agreement for Guinea road project




(MENAFN) The Kuwait News Agency (KUNA) reported the country to have inked an USD26.45 million loan deal to fund a road project launched in Guinea's capital Conakry.

KUNA explained the loan deal to be covering the establishment of four overland intersections, roundabouts and four tunnels, helping facilitating Conakry's daily traffic congestion.

Kuwait Fund for Arab Economic Development (KFAED) was said to have signed the loan agreement on Thursday.

KUNA added the agreement to also include expenses of related tasks such as auditing, engineering and supervision.

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Kuwait signs USD26.45m loan agreement for Guinea road project

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