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Reference: 20230186
Release date: 10 October 2023

Promoter – Financial Intermediary

AGENCE NATIONALE D'APPROVISIONNEMENT EN EAU POTABLE EN MILIEU RURAL,SOCIETE NATIONALE DES EAUX DU BENIN

Location

Description

The project comprises the construction in Benin of 38 multi-village rural water supply schemes in the Atacora and Donga departments, as well as the extension of the water supply system of the city of Djougou, in the Atacora department.

Additionality and Impact

By constructing in Benin 38 multi-village rural water supply schemes and by extending one urban water supply system, the project renders a high economic and social impact in terms of better public health / enabling economic environment, as well as through increased work/school attendance and gender equality. The project falls within the priorities of Benin's national development plan spanning 2018-2025 and with Benin's Government Action Plan 2021-2025.The project is in line with the priorities laid out in the European Commission's Multi-annual indicative programme (MIP) 2021-2027 for Benin. The project will indeed contribute to the development of basic infrastructures in Northern Benin. Basic infrastructure is a necessary condition for maintaining peace and security, which is the objective c) of indicative sector 3 of the MIP. It is fully in line with the EIB Water Sector Lending Orientation and the EIB's operational strategy of supporting the development of social and economic infrastructure in Sub-Saharan Africa and with the priorities of the NDICI - Global Europe Mandate, which include reducing inequalities and supporting human development, the environment and the fight against climate change. The project is also aligned with Sustainable Development Goal #6 (which calls for ensuring availability and sustainable management of water and sanitation for all).

The project will contribute to support economic growth and environmental sustainability by improving reliability and continuity of water supply services, increasing resilience to climate change and ensuring good health of the population in the beneficiary areas. The Bank's and the EU's contribution to the project is fundamental and complements the earlier interventions of the Bank in the water sector in Benin alongside other financiers. The EIB loan will provide favourable financing terms and conditions including long availability and grace periods. The project will comply with the Bank's high standards.

Objectives

The general objective of the operation is to support the Government of Benin's Action Plan 2021-2026 and its goal of ensuring universal access to water. The project will increase access to water supply services by improving reliability and continuity of water supply services, increasing resilience to climate change and ensuring good health of the population in the beneficiary areas.

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 62 million

Total cost (Approximate amount)

EUR 134 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 Promoters' 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 - 29/12/2023

Milestone
Under appraisal
Approved
Signed
24 November 2023
29 December 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

Benin Water, sewerage