Kuwait Fund to provide $20 million for school construction in Tajikistan
Tajikistan and the Kuwait Fund for Arab Economic Development (KFAED) have signed a loan agreement worth 6 million Kuwaiti dinars, or KWD (approximately 20 $ million) to support the development of the country’s education sector.
The agreement was inked by Tajik Finance Minister Fayziddin Qahhorzoda and KFAED Director-General Walid Al-Bahar in Vienna, Austria, on June 23 on the sidelines of meetings of the heads of the Arab Coordination Group.
According to the Ministry of Finance of Tajikistan, the funds will be provided as a concessional loan under the «School Development» project. The Tajik government will contribute an additional 4.5 $ million toward the initiative.
The project aims to improve the quality of general education and address the growing demand for educational infrastructure amid a steady increase in the number of school-age children across the country.
The financing will support the construction of new school facilities and the provision of modern equipment for educational institutions in several cities and districts of Tajikistan.
Authorities expect the project to enhance learning conditions and expand access to quality education for students nationwide.
Meanwhile, Times Kuwait reports that the agreement was signed on the sidelines of the Arab Coordination Group meetings, as part of the Fund’s ongoing efforts to support sustainable development and strengthen education systems in developing countries.
According to KFAED, the project will focus on upgrading educational infrastructure through the construction of new buildings and facilities at 10 existing school sites located in the capital city as well as Sughd and Khatlon provinces.
The schools will be equipped with modern furniture, laboratories, educational and technical equipment, sports facilities, and essential infrastructure services, including electricity, heating, water supply, sanitation, and communications.
The total cost of the project is estimated at approximately 7.88 million, with the Kuwait Fund financing around 76 percent of the overall cost, while the Government of Tajikistan will cover the remaining amount. The loan will be repaid over 26 years, including a grace period of five years.
The Kuwait Fund noted that the latest agreement raises the number of development loans provided to Tajikistan to seven. Previous financing has supported projects in the road, electricity, and irrigation sectors, with a combined value of around KWD 30 million, according to Times Kuwait.
The Kuwait Fund for Arab Economic Development, established in 1961 shortly after Kuwait gained independence, provides financial and technical assistance to developing countries. The Fund finances development projects through concessional loans and supports feasibility studies, capacity-building programs, and regional and international development initiatives.
Over the years, KFAED has financed a number of infrastructure and social development projects in Tajikistan, including in the transport, energy, water supply, and education sectors.
The agreement was inked by Tajik Finance Minister Fayziddin Qahhorzoda and KFAED Director-General Walid Al-Bahar in Vienna, Austria, on June 23 on the sidelines of meetings of the heads of the Arab Coordination Group.
According to the Ministry of Finance of Tajikistan, the funds will be provided as a concessional loan under the «School Development» project. The Tajik government will contribute an additional 4.5 $ million toward the initiative.
The project aims to improve the quality of general education and address the growing demand for educational infrastructure amid a steady increase in the number of school-age children across the country.
The financing will support the construction of new school facilities and the provision of modern equipment for educational institutions in several cities and districts of Tajikistan.
Authorities expect the project to enhance learning conditions and expand access to quality education for students nationwide.
Meanwhile, Times Kuwait reports that the agreement was signed on the sidelines of the Arab Coordination Group meetings, as part of the Fund’s ongoing efforts to support sustainable development and strengthen education systems in developing countries.
According to KFAED, the project will focus on upgrading educational infrastructure through the construction of new buildings and facilities at 10 existing school sites located in the capital city as well as Sughd and Khatlon provinces.
The schools will be equipped with modern furniture, laboratories, educational and technical equipment, sports facilities, and essential infrastructure services, including electricity, heating, water supply, sanitation, and communications.
The total cost of the project is estimated at approximately 7.88 million, with the Kuwait Fund financing around 76 percent of the overall cost, while the Government of Tajikistan will cover the remaining amount. The loan will be repaid over 26 years, including a grace period of five years.
The Kuwait Fund noted that the latest agreement raises the number of development loans provided to Tajikistan to seven. Previous financing has supported projects in the road, electricity, and irrigation sectors, with a combined value of around KWD 30 million, according to Times Kuwait.
The Kuwait Fund for Arab Economic Development, established in 1961 shortly after Kuwait gained independence, provides financial and technical assistance to developing countries. The Fund finances development projects through concessional loans and supports feasibility studies, capacity-building programs, and regional and international development initiatives.
Over the years, KFAED has financed a number of infrastructure and social development projects in Tajikistan, including in the transport, energy, water supply, and education sectors.
Комментарии (0)