Editor in Chief: Moh. Reza Huwaida Wednesday, November 14th, 2018

MoU Signed for €18.058m Socio-Economic Project to be Implemented Along Kabul River

MoU Signed for €18.058m Socio-Economic  Project to be Implemented Along Kabul River

KABUL - A Memorandum of Understanding was signed for the implementation of a project for social, economic, and environmental development in the areas located along Kabul River.
The Office of the President, ARG Palace, said the MoU was signed by acting Finance Minister Dr. Humayoun Qayoumi, acting Urban Develoment Minister Roshan Wolasmal, Charrge d’Affairs of the Embassy of Germany Christophe Pilix, and the head of the Aga Khan Trust for Culture Ajmal Maiwandi.
A statement by ARG Palace stated that the MoU was signed in the presence of President Mohammad Ashraf Ghani.
The statement further added that the project would be funded by the government of Germany with an aim to develope the social and economic infrastructures of Kabul.
The project value has been estimated at 18.058 million Euros and the work on the project is expected to kick off from August and will finish in December 2020.
According to ARG Palace, the project include renovation and construction of Industrial Machinery Enterprise, social, economic, and environmental development in the areas along Kabul River, including Deh Afghanan, Andarabi, Joi Sher, the first and second districts of Chendawol, preservation of cultural heritages including local development councils, reconstruction of the general and green areas and establishment of a perspective for economic development through professional training in handicraft and other industries in Jangalak training center. (KP)