Malawi, India Signs USD 23.5 Million LoC For Blantyre Water Project

August 5, 2016 by Staff Reporter

Malawi’s High Commissioner to India Dr. Mbuya Isaac Munlo on Friday signed the USD23.5 Million Line of Credit (LoC) with India for the Blantyre Water Project in
Malawi.

The High Commissioner signed the LoC with the Chairman and Managing Director of Exim Bank; India Yaduvendra Mathur, in New
Delhi.

The LoC will be used for the
construction of the new water supply project from the Likhubula River in Mulanje to Blantyre.

Speaking after the signing ceremony Munlo said that the signing of the LoC could not
have come at a better time, particularly, considering the many challenges Blantyre as a growing city is facing in the wake of
providing portable water to the city.

He further said that when fully implemented, the project will address the water shortages
occurring not only in Blantyre but also in the surrounding areas of the city.

On his part, Yaduvendra Mathur commended Malawi for coming up with this very important project.

He pledged the banks total support towards the implementation of the project and further said that the bank
will ensure timely disbursement of the LoC to Malawi.

Malawi has previously accessed LoCs from Exim Bank of India and utilized these for various projects including the construction
of the fuel storage facilities in the three regions of Malawi, the Greenbelt project, and construction of the sugar factory in Salima.

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