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Signature(s)

Amount
€ 36,000,000
Countries
Sector(s)
Kingdom of Eswatini : € 36,000,000
Water, sewerage : € 36,000,000
Signature date(s)
28/03/2003 : € 36,000,000
Link to source

Summary sheet

Release date
27 November 2002
Status
Reference
Signed | 28/03/2003
19982233
Project name
Promoter - financial intermediary
Lower Usuthu Smallholder Irrigation Project (LUSIP)
Kingdom of Swaziland. The project is managed through the Swaziland Komati Project Enterprise (SKPE).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 36 million (Phases I and II)
EUR 187 million (approx.)
Location
Sector(s)
Description
Objectives

The project comprises the construction of three dams and a series of canals in order to abstract peak flows from the Usuthu river during the wet season and to store the water for year-round agricultural irrigation purposes

Poverty alleviation in one of the poorest areas of the Kingdom. It is currently estimated that approximately 3 300 farm households, or 30 000 people, will directly benefit from the incremental income and employment opportunities generated by the project.

Environmental aspects
Procurement

Overall environmental impacts will be considerable and have been evaluated in a comprehensive study. Conclusions are positive provided the required mitigation measures are taken. Main impacts stem from: abstraction of river water, creation and use of the dams, the reservoir and the irrigated areas. Social aspects are related to the general improvement of living conditions inside the project area and resettlement of people primarily from inside the reservoir area.

Procurement of project components will be done in accordance with the requirements of the co-financiers, including international competitive bidding for the lots to be financed by the Bank.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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