Reference: 20170785
Release date: 7 November 2019

Promoter – Financial Intermediary

INSTITUTO COSTARRICENSE DE ACUEDUCTOS Y ALCANTARILLADOS

Location

Description

This operation is an allocation under the Central America Climate Change Framework Loan II signed with the Central American Bank for Economic Integration (CABEI). The overall objective of this operation is to support the Water Supply Program of the Metropolitan area of San José, Costa Rica.

Objectives

The program contributes to the government's efforts to reduce pollution and improve environmental sustainability. The project is in line with the EIB Water Sector Lending Policy and is eligible for financing under the EIB Climate Action and Environment Facility (CAEF) as it contributes to environmental sustainability through pollution abatement, to underpin sustainable growth in the region.

Sector(s)

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

Proposed EIB finance (Approximate amount)

USD 78 million (EUR 70 million)

Total cost (Approximate amount)

USD 158 million (EUR 143 million)

Environmental aspects

The project will have a very high positive environmental and social impact for the population of Costa Rica. It will significantly reduce direct wastewater discharges into water bodies, thus contributing to improving public health and environmental conditions in the beneficiary area. The project's compliance with environmental and social principles of the European Union, the EIB and the Central American Bank for Economic Integration (CABEI), together with the applicable national environmental legislation and issues related to adaptation to climate change.

Procurement

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

Status

Under appraisal - 7/11/2019

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

Costa Rica Water, sewerage