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    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Lesotho : € 140,000,000
    Water, sewerage : € 140,000,000
    Signature date(s)
    12/08/2010 : € 140,000,000
    Link to source

    Summary sheet

    Release date
    10 December 2009
    Status
    Reference
    Signed | 12/08/2010
    20090581
    Project name
    Promoter - financial intermediary
    Lowlands Bulk Water Supply

    Metolong Authority, an implementing agency acting under the Lesotho Ministry of Natural Resources.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 200 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns a dam, a water treatment plant, storage tanks and a conveyance system to supply parts of the Lesotho Lowlands including the capital Maseru with additional drinking water. The EIB has been approached to fund the conveyor system only, as the other components including the Metolong Dam itself is fully financed by World Bank, the US Millennium Challenge Corporation, and Arab financial institutions.

    The project will support the Bank’s strategic lending priorities in support of EU policy objectives. Specifically in regions outside the EU this covers: infrastructure development, environmental protection and improvement and support of EU presence.

    Environmental aspects
    Procurement

    A comprehensive environmental and Social Impact Assessment (ESIA) according to international best practice standards, including public consultation, was carried out in 2008. That process resulted in an Environmental and Social Action Plan. The ESIA and the action plans will be reviewed during appraisal.

    The Metolong Authority will be responsible for procuring all service, supply and works contracts. For all EIB-funded components, procurement will be based on open international tendering with publication in the EC Official Journal, as applicable. The procurement plan and transparency measures will be subject to a detailed assessment during appraisal.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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