Release date: 16 November 2020
Promoter – Financial Intermediary
MINISTERE DU CADRE DE VIE ET DU DEVELOPPEMENT DURABLE - REPUBLIQUE DU BENINLocation
Description
Rainwater drainage project for eight secondary cities in Benin (Porto-Novo, Abomey-Calavi, Bohicon, Natitingou, Abomey, Ouidah, Sèmè-Podji, Parakou).
Objectives
The project will consist of the extension and rehabilitation of the primary and secondary rainwater drainage systems, as well as of the rehabilitation of the related roads of the concerned cities. The EIB will finance the works for two of the eight cities concerned, Abomey Calavi and Sèmè-Podji. The project will significantly decrease flooding, as well as stagnating water, with a positive impact on human and economic development. It will contribute considerably to improving the living conditions of the population, and to mitigating the effects of climate change. As most of the cities concerned, including Abomey Calavi and Sèmè-Podji, are on the coast or near the coast, the project will also contribute to reducing the amount of plastic waste reaching the Atlantic Ocean.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
EUR 424 million
Environmental aspects
The project's compliance with the applicable national environmental legislation and the EIB's environmental and social principles will be respected, as will the Promoter's procedures for impact assessment and environmental monitoring.
Procurement
Implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 24/03/2021
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).