IDB approves $609m for new development projects

JEDDAH – The Board of Executive Directors of the Islamic Development Bank (IDB) approved $609 million for new strategic water, power, agriculture, roads, education and health projects during its 314th meeting which took place last Sept. 24-27. • $348.7 million for the Flood Protection Dam Project in Oman to protect the capital Muscat from flooding • $78.5 million for the Agricultural Entrepreneurship Development Project in Senegal • $50 million for the Triconboston 150MW Wind Power Plant Project in Pakistan • $37 million for the Expansion and Reinforcement of the Electricity Network Project in Burkina Faso • $35.3 million in supplementary financing for the Tirana-Elbasan Road Project in Albania • $33.2 million for the Rangpur Division Agriculture and Rural Development Project in Bangladesh • $15 million for the Post Ebola Health Sector Support Project in Guinea • $10 million for the Supplementary Financing for the Health Systems Project in Suriname • $280,000 in a technical assistance grant for the Ministry of Energy and Water Resources in the Republic of Tajikistan • $990,000 as five grants for five educational and training projects for Muslim communities in the non-member countries. — SG