Water and Sewerage Authority (WASA) has signed a loan agreement amounting to M138.8 million with European Investment Bank (EIB) in Luxembourg.

WASA stated in a press release that the loan agreement is aimed for expansion and rehabilitation of waste water and sanitation facilities in Maseru.

The loan will cover 50 percent of the total project cost of M277.4 million and the European Commission under the European Union will provide M97.2 million grant while Lesotho government will provide M41.8 million.

WASA added that the project will contribute significantly to Lesotho's efforts to achieve the Millennium Development Goals (MDGs) for sanitation coverage in Maseru urban and peri-urban areas for 100 000 inhabitants.

The investment programme is adapted to the different income levels of the beneficiaries and includes connection to central sewer networks as well as the construction of low cost on site sanitation facilities.

WASA delegation to Luxembourg was led by the Chief Executive, Mrs. Refiloe Tlali, who signed on behalf of WASA. Other delegates were Director of Engineering Mr. Lira Mohosho, Finance Director Mrs. Nomvula Bohloa and Environmental Manager Ms. Palesa Monongoaha Mofosi. Lesotho's Ambassador in Belgium Mrs. 'Mamoruti Tiheli witnessed the signing ceremony.

SOURCE: LENA 27/07/2007