Cities and ports project begins [Archives:2005/820/Business & Economy]
February 28 2005
Work is underway on the first phase of the project for developing Yemeni sea cities and ports at a cost of $US23 million, said Steven Karam, a senior urban development economist at the World Bank's Group for Financing, Private Sector and Infrastructure, Middle East and North Africa.
“This phase of the project covers the cities of Hodeidah, Mukalla, and the province of Sana'a,” said he in a statement to the September 26 Newspaper.
The World Bank will contribute some $US96 million while the Yemeni government will provides ten per cent of the total cost of the project, which consists of four phases to be conducted over 12 years.
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