Business
Osun Seeks $50m IDB Loan For Water Project
The Osun State Government has applied for a loan of fifty million dollars from the Islamic Development Bank (IDB) for the execution of Ilesa water distribution network.
Special Adviser to the Governor on Water Resources, Mrs Tawakalitu Williams, said this while briefing newsmen on the activities of the state water corporation Osogbo.
Williams said that the loan was necessary for the construction of Ilesa Water Supply Scheme.
The loan will also be used for the water transmission mains and the distribution networks.
She said the consultancy work on the project had been completed.
The special adviser also said that the contract for the next stage of the project would be awarded as soon as funds were made available.
Williams said that the Federal Government had been approached for further assistance on the construction of treatment and pumping plants.
The assistance, she said, was aside the IDB loan.
“The construction of rising mains, reservoirs and distribution networks which will be handled by the state will be awarded as soon as the IDB loan is accessed,” she said.
She said the problem confronting the Ilesa water distribution networks was due to the hilly topography of the area.
“Ilesa had for years, depended on Efon-Alaaye for water supply.
She said that the efforts of successive governments to surmount the problem had always been counter-productive.
The special adviser said that this was due to the high cost of constructing the water schemes.
She said, “In order to reach the Millennium Development Goals (MDGs), the Federal Government must do something urgent on the state water schemes.
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