{"id":209348,"date":"2019-11-15T16:13:05","date_gmt":"2019-11-15T21:13:05","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=209348"},"modified":"2019-11-15T16:13:05","modified_gmt":"2019-11-15T21:13:05","slug":"opec-finances-25-million-dollar-hydraulic-project-in-havana","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/opec-finances-25-million-dollar-hydraulic-project-in-havana\/","title":{"rendered":"OPEC finances 25-million-dollar hydraulic project in Havana"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The government of Cuba and the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development (OFID) signed this Wednesday in <\/span><a href=\"https:\/\/oncubanews.com\/tag\/la-habana\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Havana<\/span><\/a><span style=\"font-weight: 400;\"> a loan agreement for the financing of a 25-million-dollar hydraulic project, which will benefit municipalities to the west of the Cuban capital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The agreement, signed by the president of Cuba\u2019s National Institute of Hydraulic Resources (INRH), Antonio Rodr\u00edguez, and OFID Director-General Abdulhamid Alkhalifa, will favor the sanitation and drainage works in La Lisa, Playa and Marianao.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The OPEC Fund has invested more than 158 million dollars in support of Cuba&#8217;s hydraulic infrastructure, with projects that have an incidence on the lives of more than 3 million people on the island, according to official data.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">\u00bfSab\u00edas qu\u00e9? El <a href=\"https:\/\/twitter.com\/hashtag\/FondoOPEP?src=hash&amp;ref_src=twsrc%5Etfw\">#FondoOPEP<\/a> ha invertido +US$158millones apoyando la infraestructura hidr\u00e1ulica de <a href=\"https:\/\/twitter.com\/hashtag\/Cuba?src=hash&amp;ref_src=twsrc%5Etfw\">#Cuba<\/a>. Los proyectos de abastecimiento de agua y saneamiento financiados podr\u00e1n mejorar el nivel de vida de m\u00e1s de 3 millones de personas en capitales de provincia y ciudades <a href=\"https:\/\/twitter.com\/hashtag\/ODS6?src=hash&amp;ref_src=twsrc%5Etfw\">#ODS6<\/a> <a href=\"https:\/\/t.co\/z5CIZlT4BY\">pic.twitter.com\/z5CIZlT4BY<\/a><\/p>\n<p>&mdash; El Fondo OPEP para el Desarrollo Internacional (@FondoOPEP) <a href=\"https:\/\/twitter.com\/FondoOPEP\/status\/1195015032356179969?ref_src=twsrc%5Etfw\">November 14, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The new loan granted for the project has a grace period of five years and minimum interest, according to the president of the INRH, <\/span><a href=\"http:\/\/www.acn.cu\/cuba\/51862-firman-cuba-y-la-opep-nuevo-acuerdo-de-prestamo\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">cited<\/span><\/a><span style=\"font-weight: 400;\"> by the <em>Agencia Cubana de Noticias<\/em> news agency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rodr\u00edguez stressed that the signed agreement will have \u201cgreat impact\u201d on the municipalities of western Havana, because thanks to it more than 600 infiltration wells will be eliminated, which will improve the sewer system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the meeting, the OPEC representative said that Cuba is one of the countries that best implements the agreed projects, so the organization is encouraged to continue carrying out works on the island.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Last January, Cuban Vice President Ricardo Cabrisas and Abdulhamid Alkhalifa signed an agreement in Vienna for the granting of a soft loan for 25 million dollars for a sanitation and water supply project in the province of Las Tunas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the hydraulic sector, in the past Cuba has benefited from OFID loans to contribute to the modernization and diversification of the Cuban energy matrix, with an impact on the increase of the installed capacity of renewable energy sources, such as solar.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"XJDKlG2cP7\"><p><a href=\"https:\/\/oncubanews.com\/cuba\/economia\/opep-da-credito-cuba-proyecto-energia\/\">OPEP da cr\u00e9dito a Cuba para proyecto de energ\u00eda<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u00abOPEP da cr\u00e9dito a Cuba para proyecto de energ\u00eda\u00bb \u2014 OnCubaNews\" src=\"https:\/\/oncubanews.com\/cuba\/economia\/opep-da-credito-cuba-proyecto-energia\/embed\/#?secret=ys4QirDhvK#?secret=XJDKlG2cP7\" data-secret=\"XJDKlG2cP7\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Alkhalifa traveled to Cuba on an official visit for the celebrations of the 500th anniversary of the foundation of Havana and has planned meetings with Cuban ministers and tours through the areas where projects are being carried out with OPEC funding.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government of Cuba and the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development (OFID) signed this Wednesday in Havana a loan agreement for the financing of a 25-million-dollar hydraulic project, which will benefit municipalities to the west of the Cuban capital. The agreement, signed by the president of Cuba\u2019s National Institute of [&hellip;]<\/p>\n","protected":false},"author":3134,"featured_media":209350,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13902],"tags":[14816,26695],"ppma_author":[33546,8689],"class_list":["post-209348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuba","tag-cuban-economy","tag-opep"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OPEC finances 25-million-dollar hydraulic project in Havana | OnCubaNews English<\/title>\n<meta name=\"description\" content=\"The Fund of the Organization of Petroleum Exporting Countries has invested more than 158 million dollars in support of Cuba\u2019s hydraulic infrastructure, with projects that, according to official 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