IDB to Loan Surinam $23M for Radar, Port
The Saudi Arabia-based Islamic Development Bank will loan Suriname US$23.5 million to pay for a new airport radar system and renovate a seaport, the government said Friday.
About US$10 million of the funds will be used for a radar navigation system that will improve air traffic safety at Suriname's international airport, Transportation Minister Guno Castelen said.
The rest of the funds will go toward upgrading facilities and boosting cargo-handling capacity at a seaport in the district of Nickerie, 250 kilometers (156 miles) west of Paramaribo, the capital.
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The Saudi Arabia-based Islamic Development Bank will loan Suriname US$23.5 million to pay for a new airport radar system and renovate a seaport, the government said Friday.
About US$10 million of the funds will be used for a radar navigation system that will improve air traffic safety at Suriname's international airport, Transportation Minister Guno Castelen said.
The rest of the funds will go toward upgrading facilities and boosting cargo-handling capacity at a seaport in the district of Nickerie, 250 kilometers (156 miles) west of Paramaribo, the capital.
Read More...
posted by Mohd Amin | 9:37 PM
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