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    Reference: 20220695
    Release date: 27 April 2023

    Promoter – Financial Intermediary

    REPUBLIC OF CYPRUS

    Location

    Description

    The project will finance the construction of sewer networks and treatment facilities for peri-urban communities across Cyprus. It will support the National Implementation Programme for the EU Urban Wastewater Treatment Directive, as well as the Central Government's strategy to align with the EU Urban Wastewater Treatment Directive.

    Objectives

    The aim is to comply with the EU environmental standards, whilst improving service efficiency. Furthermore, investments in wastewater projects generate positive externalities, such as environmental and public health benefits, by avoiding surface and groundwater pollution.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 206 million

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Approved - 20/09/2023

    Milestone
    Under appraisal
    Approved
    20 September 2023

    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).

    Related tags

    Cyprus Water, sewerage