Release date: 28 November 2024
Promoter – Financial Intermediary
RWANDA WATER RESOURCES BOARDLocation
Description
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.
Objectives
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.
Sector(s)
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 223 million
Environmental aspects
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.
Procurement
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.
Status
Under appraisal - 7/02/2024
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).