SOLOMON WATER FACILITY

Promoter – Financial Intermediary

SOLOMON ISLANDS WATER AUTHORITY (SI

Location

• Solomon Islands

Description

The facility will provide additional financing to support the reconfiguration of the sewerage system in Honiara, as part of the Urban Water Supply and Sanitation Sector Project (UWSSSP) in the Solomon Islands.

Objectives

The project targets pollution reduction and climate resilience.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Proposed EIB finance (Approximate amount)

USD 15 million (EUR 13 million)

Total cost (Approximate amount)

USD 24 million (EUR 20 million)

Environmental aspects

The Promoter will be required to implement and operate the investments in conformity with national laws, as well as EIB's Environmental and Social Standards. The project intends to bring environmental benefits by helping to reduce pollution from untreated discharge of sewage and to strengthen Solomon Water's resilience to climate change, bringing into project design a number of features adopted by advanced water utilities around the world.

Procurement

The Bank will require the Promoter to ensure that any procurement under the project will be done in accordance with the EIB's Guide to Procurement.

Status

Under appraisal - 17/05/2024