EUR 25 million new Dutch government support for EIB managed Water Sector Fund agreed at World Water Forum
Dutch Special Envoy for International Water Affairs and EIB Vice President confirm strengthened cooperation
New funding will help to deliver sustainable water development goal - SDG 6
The impact of new water investment in developing countries by the European Investment Bank, the world’s largest international financier for water projects, will be enhanced by an extended scope of the Water Sector Fund, confirmed today at the World Water Forum in Dakar.
The Dutch government has agreed to provide EUR 25 million of new support for the Water Sector Fund. The replenishment will enable the EIB to make water projects more sustainable, improve climate resilience of infrastructure and help mobilise additional funding from other financiers or investors.
“Safe water and sanitation is essential for a healthy and dignified life and economic and social development. Sharing knowledge, experience and innovation is crucial to increase sustainable access to safe water, to protect people and infrastructure from flooding, and to address water scarcity. The Water Sector Fund combines the unique commitment of the Netherlands to address global water challenges and the extensive experience of the European Investment Bank investing in water worldwide. The expanded Water Sector Fund will enable us to make water and sanitation projects more sustainable and inclusive and help mobilise additional funding from other financiers or investors.” said Henk Ovink, Special Envoy for International Water Affairs of the Netherlands.
“Investing in safe water and sanitation is investing in a better future for people and our planet. The Water Sector Fund has shown how technical expertise can enhance water investment to increase access to water in conflict zones, regions impacted by drought and fragile coastal communities. The European Investment Bank welcomes the EUR 25 million backing by the Dutch government to scale up the Water Sector Fund that will increase the impact of water investment to benefit fragile regions in the years ahead.” said Ambroise Fayolle, European Investment Bank Vice-President responsible for development and climate action.”
Supporting water projects around the world
The Water Sector Fund was established by the Netherlands and the European Investment Bank in 2017 to support implementation of water and sanitation projects in low and lower-middle income countries.
Since its creation the Water Sector Fund has provided technical assistance for projects to increase water supply, improve sanitation and strengthen the resilience of water infrastructure to a changing climate.
The Water Sector Fund will now also benefit from an extended scope by using financial instruments such as guarantees to mobilise private sector investments for SDG 6.
Strengthening water investment across Africa
The Water Sector Fund has supported water investment across Africa, including investment to improve access to drinking water in Niger, using solar power to supply water in Malawi and to better protect coastal communities in Sao Tome and Principe.
Over the last decade the EIB has provided EUR 32 billion for long-term water investment around the world.
Collé Rental & Sales has signed a €50 million loan agreement with the European Investment Bank (EIB). The Sittard-based company will use the financing for the further electrification of its rental fleet of specialised machinery for the construction sector and industry. The EIB investment will be guaranteed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
The European Investment Bank (EIB) is providing €50 million in financing for the four-year investment programme of Veritas, the fully publicly owned company managing integrated water services in the Venice Lagoon Basin Council area, which covers 29 municipalities in the Venice metropolitan area and seven in the province of Treviso (Veneto, Italy).
A delegation from the European Investment Bank (EIB), the Bank of the European Union, and its recently established development branch, EIB Global, met the Government of Montenegro in Podgorica today. Their goal was to identify new projects and continue their successful cooperation on accelerating the country’s social and economic development, as well as its accession to the European Union.