Ministry of Construction and EU Bank Explore Financing for Strategic Projects


Accra:The Ministry of Construction, Housing, Municipalities, and Public Works engaged in discussions with a European Bank delegation on Thursday to explore financing opportunities for strategic projects.



According to Iraqi News Agency, the meeting was chaired by the Ministry’s Technical Deputy, Ali Hussein Abdul-Amir, and included participation from Harry Boyd-Carpenter, Managing Director of the Bank’s Sustainable Infrastructure Group; Samir Ibrahim Bishqa, Consultant to the Minister; Haider Al-Mayali, Director General of the Planning and Follow-up Department; and several specialists from both parties.



During the meeting, the Technical Deputy presented the key projects currently being implemented by the Ministry in the water, sanitation, road, and bridge sectors. He outlined the nature, priorities, and financing mechanisms of these projects, and expressed the Ministry’s willingness to collaborate with the Bank to explore partnership opportunities for financing and executing projects to achieve development goals.



The meeting also delved into the possibilities of joint cooperation and the Bank’s potential support and funding for the Ministry’s projects, particularly high-priority strategic projects. This support could come through grants, loans, and other financial instruments, potentially contributing significantly to infrastructure development.