Dépliant : Senegal River Development Organization 20th Anniversary 1972 - 1992

The Investment Budget For the purpose of the construction works of the basic infrastructure headworks that the Diama and Manantali dams ares, the OMVS has been granted financing under the exceptionally favourable co nditions for development assistance, namely: - an average 45 year rcpayment period of wich a 9 year grace period; and - a 2 % interest rate. The countries and financial institutions which have extended support and assistance for the execution of the programme's first generation component are : the Saudi, Kuwait, Abu Dhabi and OPEC Funds, the European Economie Community, the African Development Bank Group, the Islamic Development Bank, France, Italy, Canada and the UNDP. The financial package secured for this end stands at about equivalent US $ 700 million of which some equivalent US $ 80 million have been unspent at the end of the construction works and which the OMVS wishes to USe in the frame of the continua– tion of its programme. Regarding the other cornponenfs of the Regional Infrastruc– ture Programme (Navigation and Energy) who se estimated financial package stands at US $ and equivalent 900 million, the financing requiredis actively being sought. Besides, the currently on-going negociations evidenc e thereadiness offinancing sources vis-à -vis our organization whose exec utive organ, the High Commission ensures the coordination of Fund raising activities.