Take the Quito Metro to Sustainable Urban Development
The Mediterranean Hotspots Investment Programme identifies, screens and frames projects to reduce or prevent pollution and improve water resources. It already set in motion projects potentially worth EUR 1bn and aims for more – projects like the proposed wastewater system in Saida, a Lebanese city with a rising population due to the influx of Syrian refugees.
EIB technical assistance supports a new urban district in Taparura, part of Tunisia’s second city, Sfax. The advice, in part, aims to transform the company carrying out the development into a public-private enterprise with clear governance, modern statutes, and a well-defined relationship with the government, the municipality and private developers - key to attracting private capital.
Boost Africa is a new programme – part-funded by the EIB – to counter the brain drain of talented African entrepreneurs. The investment programme helps venture capitalists, who are key to innovation and job creation in African cities.
Lake Victoria is one of Africa’s most important natural resources. Water and sanitation facilities in three lakeside Tanzanian cities are being upgraded and extended with loans from the EIB and others. The project also gets grants from the EIB-administered EU-Africa Infrastructure Trust Fund, which blends grants with loans to foster sustainable growth.
The EIB collaborates with the EU’s Neighbourhood Investment Facility to provide technical assistance and grants in the Mediterranean and Eastern Europe through the Municipal Project Support Facility, focusing on climate change mitigation.
Jordan’s water shortage is severe. The arrival of refugees from across the Syrian border makes it worse. The Wadi al-Arab project will bring 30 million cubic metres of water annually to the northern city of Irbid. The USD 54m EIB investment is about half the total cost of the project.
Informal settlements have sprung up around Tunisian cities due to rapid population growth and urbanisation. The EIB has committed EUR 70m to improving the living conditions of more than 119 settlements. Technical assistance includes a focus on public participation in project selection.
In Oujda, Morocco, an EIB-backed lagoon treatment system prepares urban wastewater for re-use in agriculture. The energy-efficient lagoon system stops the discharge of raw wastewater that used to find its way into drinking water in nearby Algeria.
Quito’s first Metro line will connect the city, north to south, in 34 minutes. In its first year, the Metro is expected to serve 124 million passengers, 85% of them captive public transport users. Backed by EUR 200m from the EIB, the project will foster economic development and create jobs.
The EUR 450m EIB loan to finance the first Metro line in Lucknow, one of India’s six most polluted cities, will help increase the share of public transport in the city to 27% by 2030 from the current 10%, cutting CO2 emissions, too.
Smart Cities is a collaboration between the EIB and Belgium’s Belfius Bank lending to towns for sustainable mobility, energy efficiency and smart districts. An EIB-backed research programme is assessing the application of Smart City projects in the Mediterranean region.
Many of the old towns – or Medinas – of North Africa and the Middle East risk becoming either slums or tourist museums. The EIB’s Medinas 2030 initiative supports the economic and social rehabilitation of historic towns, to create jobs and build vibrant places to live with improved housing and infrastructure.
The Zenata Urban Development Project brings together most EIB urban development priorities. Backed by the EIB, Zenata copes with Morocco’s harsh natural conditions by storing flood water to supply agriculture during dry periods. It channels wind to cool the city during the hottest months and includes public parks to moderate high temperatures. At COP22, Zenata became the first city to receive the international eco-label.