Cape Verde’s Deputy Prime Minister, Olavo Correia, announced a financing agreement with the Bank of Austria for 10 million euros to install a desalination plant on the island of Boa Vista.
Representing the Government, I signed, with the Bank of Austria, a financing agreement in the amount of 10 million Euros for the purchase of a desalination plant with a production capacity of 5.000 cubic meters per day, to meet the needs of the island of Boa Vista”, announced ,Olavo Correia who is also the Minister of Finance.
This is a public investment financed by Unicredit Bank Austria AG with 5.450 million euros, according to an agreement signed in February 2020 with the Cape Verdean government, aiming at “the design, production, delivery and installation of electromechanical equipment of the Palmarejo Desalination Plant”.