Release date: 20 April 2009
Promoter – Financial Intermediary
CAMWATER – Cameroon Water Utilities Corporation.
Location
Description
Rehabilitation and uprating of drinking water production, transmission and distribution capacity and extension of water supply via standpipes in poorly served districts.
Objectives
To improve the urban water service in terms of quality and volume following a recent sectoral reform involving privatisation of the entity. The project is expected to help provide consumers with some 250 000 additional individual drinking water connections by 2015.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
EUR 110 million (indicative amount).
Environmental aspects
The promoter will be required to comply with the terms of EU and Cameroon environmental legislation.
Procurement
The EIB will require CAMWATER to comply with EU procurement directives and publish the contracts in the Official Journal of the European Union, if appropriate.
Status
Signed - 30/12/2009