 where as is provided by section 621 of the public finance management at cap 15.0 on the act that the Minister of Finance made by affirmative resolution of parliament borrowed from a bank or the financial institution for the capital or current expansion of government and where as is provided by section 64 of the act that money borrowed by the government must be paid into and form part of the consolidated fund and where as the Minister of Finance considered it necessary to borrow an amount of US dollars 1.203.224 from the Characom Development Fund the fund to finance the patience community water supply project and where as the law is repayable in 10 years commencing from the first due date after a great period of 2 years following the date of the first disbursement and where as the law is repayable in 40 equal approximately equal and consecutive quarter installments and where as the loan payments commenced on the 40th day of March the 40th day of June, the 40th day of September and the 40th day of December of each year and where as interest payable is pay about the rate of 3% per annum on the amount of the loan this boosts understanding may dissolve that the parliament of arises the Minister of Finance to borrow the amount of US dollars 1.203.224 the loan from the Characom Development Fund the fund to finance the patience community water supply project be it for the resolve that the loan is repayable in 10 years commencing from the first due date after a great period of 2 years following the date of the first disbursement the loan is repayable in 40 equal approximately equal and consecutive quarter installments the loan payments commenced on the 40th day of March the 40th day of June the 40th day of September and the 40th day of December of each year the interest is payable at the rate of 3% per annum on the amount of the loan this boosts understanding Mr Speaker this loan of 1.2 million dollars Mr Speaker is a loan from the Characom Development Fund for the patience community water supply project Mr Speaker the patience in Mekunof Mr Speaker Mr Speaker the patience system it feeds several communities St. Mary, patience Lomba, Laho, Monripo when development money group Puale, La Pointe and Mauditoutes Mr Speaker the present system is inadequate it is inadequate it cannot supply the people in these areas with water Mr Speaker Mr Speaker I would allow the member from Mekunof what? I would like the member of Mekunof Mr Speaker because he has been constantly knocking on the door to get this water product computer Mr Speaker he has been constantly knocking on the door to get this water project this water project because the people in this area are suffering because of lack of water Mr Speaker they are suffering they are suffering Mr Speaker and the project includes the following construction of a rubber wall intake on the main farm river construction of a pumping station downstream of the intake installation of a raw water pumping main to transport the water construction installation of a water treatment plant near the existing storage tank in Lomba installation of a water storage tank Mr Speaker Mr Speaker the overall project costs 1.4 million 1.461996 million or 3.9 million easy dollars Mr Speaker the government will contribute 17.7% of the cost and the Kaiba Environment Bank will contribute 82.3% of the cost Mr Speaker Mr Speaker the government will work with WASCO will work with WASCO Mr Speaker to ensure that the project happens Mr Speaker a memorandum of understanding will be written with WASCO to pay the loan to the CDF under the given terms and conditions and the amount owed to WASCO will offset against the loan Mr Speaker Mr Speaker this exchange agreement will ensure that the capital investment is done the people of pastience will have a better water supply and WASCO will not be overly indebted this is what the exchange is about Mr Speaker because we understand and we know Mr Speaker the people of Mikunov the people of Mikunov and you know in terms of water water is life water is the necessity Mr Speaker but you must ask yourself the question why did these people why were these people in that condition for so long I would not like to say anything more Mr Speaker because I said water is life but you must ask the question why were these people under these conditions for so long Mr Speaker why they helped but it did not improve it it was not a real it was not what is happening now they gave some temporary relief but the problem remains right so Mr Speaker right now WASCO supplies the residents with portable water through water trucks that is costly and inconvenient Mr Speaker so this improvement will improve the water supply and I will be pleased Mr Speaker if members support this motion thank you Mr Speaker