Globes [online] – business and technology news from Israel Kardan unit wins Sahara water projects worth $260m Tahal will build water and agricultural development projects in two Sahel countries.
Dalia Tal 7 Jul 08 16:43
Kardan NV (TASE: KRNV;AEX:KARD) subsidiary Tahal Group has won a tender for three water projects worth $260 million in two countries in the Sahel region of West Africa. The projects include developing agricultural project areas. International financial institutions and Israeli banks will finance the projects. Kardan said that the project would take 3-5 years to build.
This is Tahal's second recent project in Africa. In February, it won a tender to design and build a water supply system for seven southern neighborhoods in the Angolan capital of Luanda. In May 2007, the company launched two agricultural water projects in Botswana. It is also developing another $300 million agricultural project on the continent. International financial institutions are financing all of these projects.
Published by Globes [online], Israel business news -
Globes [online] – business and technology news from Israel - on July 7, 2008
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