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RIVERS ASSEMBLY: Assembly approves $280m water project loan for Gov Amaechi

 

LEGISREPORTS NG – The Rivers State House of Assembly has approved a request presented to it by the state government to loan $280million dollars from the African Development Bank and World Bank to fund water supply and sanitation project in the state.

The approval came after the lawmakers debated the letter sent to the House by the State governor, Chibuike Rotimi Amaechi.

The letter reads in parts:

“It may interest you to note that the Rivers State government has successfully obtained approval from the Boards of the African Development Bank and the World Bank respectively for the Port Harcourt water supply and sanitation project.

“The purpose of the project is to provide sustainable and safe access to clean and hygienic drinking water and sanitation in the city of Port Harcourt.

“The project which is being undertaken by the Federal Ministry of Finance for un-lending to Rivers State is to enable the state government commence the project at the earliest possible time”, the letter read in part.

In their contributions, the lawmakers said the loan was a welcome development considering the wide criticisms the governor had received for lack of potable drinking water in the state.

They however insisted that the state commissioner for water resources be invited to the floor of the House to offer detailed explanations of the financial implication of the loan.

Ruling on the matter, Speaker, Otelemaba Dan-Amachree who divided the House for a vote thanked the lawmakers for their contributions and directed the Clerk to inform the commissioner to appear before the House on its next sitting, while the loan has been approved.

The loan is to span through 22 years with an initial three percent interest.

This report was prepared by our reporter in Port Harcourt

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