Kekar Thames get loans<\/p>\n
BRUSSELS (Dow Jones): The European Investment Bank said
\nyesterday it had loaned 45 million European currency units (XEU)
\nto PT. Kekar Thames Airindo for upgrading and extending the water
\nsupply transmission and distribution system in eastern Jakarta.<\/p>\n
The loan represents about 21 percent of the total costs of the
\nproject to be developed over the next five years and is mainly
\naimed at improving the water distribution systems, the EIB, the
\nEuropean Union's long-term financing institution, said in a
\ncommunique.<\/p>\n
The project will increase the supply of potable water to 70
\npercent of the area's population, up from 52 percent. The
\ninvestment also will be used to reduce losses due to leakage and
\nsoil subsidence caused by over-pumping from private wells, the
\nEIB said.<\/p>\n
PT. Kekar Thames Airindo is managed by the UK's Thames Water
\nOverseas Ltd.<\/p>\n
EIB finance in support of water supply infrastructure in
\nJakarta totals XEU100 million.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/kekar-thames-get-loans-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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