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    Signature(s)

    Amount
    € 126,000,000
    Countries
    Sector(s)
    Egypt : € 126,000,000
    Water, sewerage : € 126,000,000
    Signature date(s)
    25/07/2018 : € 126,000,000

    Summary sheet

    Release date
    14 June 2017
    Status
    Reference
    Signed | 25/07/2018
    20160835
    Project name
    Promoter - financial intermediary
    FAYOUM WASTEWASTER EXPANSION PROJECT
    HOLDING COMPANY FOR WATER AND WASTEWATER
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 172 million
    EUR 395 million
    Location
    Sector(s)
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    Investment Programme for the construction and expansion of wastewater collection and treatment facilities in the vicinity of Lake Qarun (Fayoum Governorate). The programme will be implemented in two phases.

    The project will: - Provide first-time sewerage infrastructure to unserved rural population(more than 800,000 inhabitants); - Improve the living standards and public health of the population by (i) reducing wastewater supply/demand gap; (ii) limiting their exposure to water borne diseases; and (iii) freeing up higher quality water for irrigation; - Improve the environmental conditions in the Fayoum Governorate and Lake Qarun; - Enhance the regional economic activities related to Lake Qarun and employment creation in a governorate where more than 30% of the population lives below the poverty line;

    Environmental aspects
    Procurement

    The project is expected to have substantial environmental and social benefits as it addresses the lack of adequate sanitary infrastructure in the rural areas of Fayoum that significantly contributes to the pollution of Lake Qarun, one of Egypt's important natural landmarks with significant historical, natural and scientific importance. In addition, the project will provide much needed employment for skilled and unskilled workers in the region and would contribute to easing the country's unemployment burden. Any potential adverse environmental and social impacts are site-specific and can be prevented and/or readily minimised through appropriate mitigation measures and by adhering to globally recognized performance standards, guidelines, and/or design criteria.

    The promoter will be required to implement the project in accordance with EBRD procurement rules and procedures, and in compliance with the requirements and standards agreed between EBRD and the EIB in respect of Procedural Framework between EBRD and the EIB for projects under the Procedural Framework for operations outside the EU, as foreseen in the Bank's Guide to Procurement. In particular, the Bank will require that calls for international tenders be published in the Official Journal of the EU (OJEU) in accordance with the Bank's Guide to Procurement.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - FAYOUM WASTEWATER EXPANSION PROJECT
    Publication Date
    13 Sep 2017
    Document language
    Main Topic
    Lending
    Document Number
    76046615
    Document Focus
    Environmental Information
    Project Number
    20160835
    Sector(s)
    Countries
    Publicly available
    Download now

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