KUWAIT CITY, Kuwait, Feb 20 (NNN-KUNA) – Kuwait Fund for Arab Economic Development (KFAED), signed on Tuesday, a loan agreement with Bosnia and Herzegovina worth 11.6 million Kuwaiti dinars (39.44 million U.S. dollars), to fund its road construction project.
The project aims to develop transportation between Bosnia and Herzegovina, to reduce traffic jam, KFAED said in a statement.
It is the fifth loan provided by Kuwait to the country, the fund noted.
KFAED previously provided Bosnia and Herzegovina with two grants, to support water and sewage project, as well as, a transportation project in this country.– NNN-KUNA
