European Bank helps Wastewater company to develop in Egypt
Charlotte Divet - Contributing Editor - JUNE 1, 2017
The European Bank for Reconstruction and Development (EBRD) has provided €186M loan to the Fayoum Water and Wastewater Company to develop and expand its services in the North African country.
The loan is to contribute to the building of eight new wastewater treatment plants, the expansion of nine units, the rehabilitation of ten plants and the installation of 3,433 kilometers of pipes as well as 139 pumping stations. 350 sewage removal trucks are also to be procured in order to serve remote rural communities.
The EBRD’s funding is to be supported by €172M loan provided by the European Investment Bank and the EU Neighbourhood Investment Facility (NIF) is giving an investment grant of €30M and more than €7M for technical assistance.
Head of the EBRD in Egypt, Janet Heckman said: “It is a vital investment for the country and will not only develop the wastewater infrastructure, but also improve the environment and contribute to employment in a remote rural area substantially.”
The expansion of the wastewater treatment facilities would also reduce level of pollution caused by untreated domestic wastewater, the contamination of surface and ground water affecting for instance the third-largest Egyptian Lake, Lake Qarun.
Ambassador Ivan Surkoš, Head of the EU Delegation to Egypt added: “Water is life. The European Union has a long and lasting commitment to work with Egypt in supporting this vital sector. Our aim is to improve the quality of life of nearly 10 million inhabitants, which is part of our ongoing support to the water sector.”