Thursday, October 1, 2009

WB grants $20 mln to finance Quick Orbit project in Yemen

SANA'A, Sep. 30 (Saba)- A $20 million WB grant agreement was signed on Wednesday to finance the Quick Orbit Project in Yemen.

The agreement was signed by Deputy Prime Minister for Economic Affairs, Minister Planning and International Cooperation Abdul-Karim al-Arhabi and the WB regional director De Manual Embay.

It stipulates that the WB offers a financing grant at $20 million to finance the Quick Orbit Project which targets building 370 classrooms and renovating 200 others in 7 governorates; Dhamar, Baidha, Hudeidah, Dale, Raymah, Hajjah and Mahweet.

Following the signing of the agreement, al-Arhabi praised concern of the WB to continue supporting and reinforcing development process in Yemen.

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