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Summary sheet

Release date
28 November 2024
Status
Reference
Under appraisal | 07/02/2024
20220416
Project name
Promoter - financial intermediary
VOLCANOES COMMUNITY RESILIENCE NORTHERN RWANDA
RWANDA WATER RESOURCES BOARD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 223 million
Location
Sector(s)
Description
Objectives

The project, to be implemented with the World Bank, the Nordic Fund, PROGREEN, the Adaptation Fund and other development partners, will finance flood risk mitigation and erosion control measures in the northern region of Rwanda, such as the expansion and restoration of protected areas, productive landscapes, the construction of "gray" and nature-based infrastructure to improve the resilience of local communities. The related activities include investments in grey and green infrastructure, flood early warning systems (FEWS), improved land management practices, catchment and landscape restoration, improved national park management, green villages, livelihood diversification, and technical assistance and capacity building.

The aim is to reduce the risks of floods, improve land management and livelihoods of people in the districts of Burera, Nyabihu, Rubavu, Gukenke, Muhanga, Ngororero, Musanze and part of Rutsiro District in the Volcanoes Region. The project will help to strengthen livelihoods and incomes of local people, climate resilience, increase biodiversity values of restored and protected forests, and strengthen Rwanda's climate resilience.

Environmental aspects
Procurement

Any environmental and Social impact will be addressed in accordance with the Rwanda National regulations to the stisfaction of the EIB and will be covered by the review of the project specific environmental and social management plan and resettlement action plan.

The projects are in the public sector and are therefore subject to public procurement. The requirement to comply with the EIB's Guide to Procurement was communicated to the promoter. The promoter will adopt open competitive procedures and envisages, among others, the publication of the prequalification notices in the OJEU for the main contracts. The tender documents will be prepared and EIB will ensure compliance with its Guide to Procurement.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Under appraisal

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).

General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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