OFID helps finance Maldives water supply and sewerage project

The OPEC Fund for International Development (OFID) has signed a $50 million loan in support of a major water supply and sewerage project in the Maldives.

The loan will help finance the $62.25 million Outer Islands Harbors, Water Supply and Sewerage Facilities Project, which includes building water supply networks and sewerage systems, as well as improving harbor infrastructure that will boost tourism. The government of the Maldives is co-financing the project, which will benefit around 20,000 people on 13 outer islands.