ARGENTINA WATER AND SANITATION

Promoter – Financial Intermediary

AGUA Y SANEAMIENTOS ARGENTINOS SA

Location

• Argentina

Description

The project will support water and sanitation investments in the city of Buenos Aires.

Objectives

The objective of the project is to improve and expand the water and wastewater infrastructure of the city of Buenos Aires and the Conurbano Bonaerense area.

Sector(s)

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

Under ELM Guarantee

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Proposed EIB finance (Approximate amount)

USD 80 million (EUR 75 million)

Total cost (Approximate amount)

USD 222 million (EUR 209 million)

Environmental aspects

The proposed operation will have a positive social impact by improving access to water supply for the population of Buenos Aires, especially in the Conurbano area, which has been a priority for the government of Argentina. It is one of the zones of the country with higher poverty ratios, strong population growth and development of informal settlements. In addition, the operation will provide high quality sanitation services and will increase the wastewater treatment capacity in the northern plant. It will have a very positive environmental impact through the significant reduction of wastewater discharges into the river, thus being beneficial to public health.

Procurement

The Bank will require the promoter to ensure that the procurement of the project is carried out in line with EIB procurement guidelines.

Status

Signed - 29/11/2018