KITCHENER DRAIN

Promoteur – Intermédiaire Financier

HOLDING COMPANY FOR WATER AND WASTEWATER

Lieu

• Égypte

Description

The project concerns the depollution of Kitchener drain in the Delta region in Egypt.

Objectifs

The project aims at the depollution of the Kitchener Drain through investments in: (i) wastewater & sanitation; (ii) solid waste, and (iii) drain infrastructure rehabilitation. The Kitchener Drain is one of the most severely polluted drains in the Egyptian Nile Delta. The project is expected to significantly improve health and social conditions in the surrounding areas.

Commentaires

The project is expected to be co-financed by EIB and EBRD whereby EIB financing would focus on the wastewater & sanitation project components and EBRD financing would focus on the solid waste and drain rehabilitation project components. The EIB and EBRD will be a seeking a EU grant contribution from the Neighbourhood Investment Facility for this project.

Secteur(s)

• Eau, assainissement - Production et distribution d'eau; assainissement, gestion des déchets et dépollution

Garantie au titre du MPE

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Montant BEI envisagé (montant approximatif)

EUR 233 million

Coût total (montant approximatif)

EUR 441 million

Aspects environnementaux

The project is expected to have substantial environmental and social benefits as it addresses the deteriorated condition of water in the highly polluted Kitchener Drain. Any potential adverse environmental and social impacts are site-specific and can be prevented and/or readily minimised through appropriate mitigation measures and by adhering to globally recognized performance standards, guidelines, and/or design criteria, including EIB environmental and social principles, standards and practices.

Passation des marchés

The Bank will require the promoter to ensure that implementation of the project components financed by the Bank will be done in accordance with the Bank's Guide to Procurement.

Statut

Signé - 18/12/2018