€186 million loan to benefit residents of Fayoum governorate.
The EBRD is improving the living conditions of approximately three million inhabitants of Egypt’s Fayoum governorate – of whom around one million will have access to sanitation services for the first time – with a loan of up to €186 million to the Fayoum Water and Wastewater Company for the development and expansion of its wastewater services.
The EBRD financing will be complemented by a loan of €172 million provided by the European Investment Bank, while the EU Neighbourhood Investment Facility (NIF) is extending an investment grant of €30 million and over € 7 million for technical assistance.
The funding will support the construction of 8 new wastewater treatment plants, the expansion of 9 units and the rehabilitation of 10 plants as well as the installation of 3,433 km of pipes and 139 pumping stations. In addition, 350 sewage removal trucks will be procured to serve remote rural communities.
The investment will increase the company’s treatment capacity by almost 300,000 m3 per day and provide sanitation services to almost 90 per cent of the rural population in the Fayoum governorate from a current level of slightly more than 30 per cent.
[Photo by Laila Goubran | Flickr]