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    Reference: 20150216
    Release date: 14 September 2016

    Promoter – Financial Intermediary

    Republic of Cyprus

    Location

    Description

    Improving the security of water supply for the domestic needs of Western Nicosia communities

    Objectives

    The project aims to improve the security of water supply of the city of Nicosia and communities in the western province of Nicosia. Currently, the water supply relies on boreholes and, due to frequent droughts, the availability of water has reduced in recent years. The project scope consists of a pipeline, several pumping stations, water storage facilities and other necessary supporting infrastructure for the conveyance of 60,000 m3 per day of desalinated water from the Vasilikos desalination plant near Limassol to the Nicosia service area.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 56 million

    Environmental aspects

    The investment programme is geared toward securing a sustainable management of water supply and distribution, bringing about a positive social and environmental impact. Compliance with EU and national environmental legislation will be verified during appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 28/10/2016

    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).

    Related tags

    Cyprus Water, sewerage