ADFD signs finance deal for $28.8mn Argentinian water infrastructure project

By Arya M Nair, Intern Reporter
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ADFD finances water project in Argentina
Mr. Juan Schiaretti & Mr. Mohamed Saif Al Suwaidi at the agreement signing ceremony

Abu Dhabi Fund for Development (ADFD) has signed a financing agreement with the Argentine government for a $28.8 million project to build modern water plants, rehabilitate and expand existing water stations in 26 villages in Cordoba province.

The agreement was signed by Mr. Mohamed Saif Al Suwaidi, Director-General of ADFD, and Mr. Juan Schiaretti, the Governor of Cordoba. The ceremony was attended by Mr. Saeed Abdullah Saif Joula Alqemzi, the UAE Ambassador to Argentina, and officials from both sides.

Mohammed Saif Al Suwaidi_ADFD to develop Argentine water infrastructure
Mohammed Saif Al Suwaidi
Director General – ADFD

“The agreement is part of our effort to strengthen strategic relations with our partners and support them in implementing their development programs that are in line with ADFD’s vision to promote socioeconomic prosperity in developing countries. The event highlights ADFD’s effort towards achieving this objective and supporting the Argentine government in achieving its sustainability goals through the modernization of the water infrastructure.”

Mr. Schiaretti expressed appreciation for the UAE and ADFD for enabling various countries to strengthen their economies and said that “The Abu Dhabi Fund effectively contributes to Argentina’s priority projects. The latest agreement will enable the country to achieve its goal to upgrade the water sector, make it more sustainable, and maintain an adequate supply of drinking water in densely populated areas in a sustainable manner.”

The project will involve the laying of about 255-kilometer supply lines, establishing 14 new pumping stations and purification plants, and raising the efficiency and capacity of the existing stations, in addition to service and advisory work and conducting a study on the environmental impact of the project.

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