BAKU, Azerbaijan, November 4. The Kuwait Fund for Arab Economic Development will provide Tajikistan with a grant in the amount of $800,000 for the reconstruction of two roads in the Khatlon region, Trend reports with reference to asiaplustj.
The Majlisi Namayandagon Majlisi Oli (lower house of Parliament of Tajikistan) ratified on November 2 a grant agreement between Tajikistan and Kuwaiti Fund to finance the preparation of a feasibility study for the reconstruction of the Tugarak-Sarichashma-Shuroobod and Chashmasor-Langar highways in the Vose' and Shamsiddin Shokhin districts of Khatlon region.
According to the Minister of Transport of Tajikistan Azim Ibrohim, the implementation of this project is of social and economic importance and contributes to an increase in vehicle traffic and expansion of opportunities for the transportation of goods and agricultural products to the markets of the region.
Notably, the Kuwait Fund for Arab Economic Development is the first institution in the Middle East that took an active role in international development efforts, which extends loans on concessionary terms to finance development projects in developing countries.