▲ Up
 
03:20 03-05-2016
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanMongoliaWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
EBRD provides 8 million Euro loan to Bishkek Water Company

Bishkek (AKIpress) - tap waterThe European Bank for Reconstruction and Development (EBRD) is providing a loan of €8 million for the benefit of the Bishkek Water Company, the municipal water and wastewater operator in the capital. The loan will be provided under a sovereign guarantee. This is the second EBRD project with the Bishkek Water Company and the fourth with the city of Bishkek, EBRD said.

In parallel with the EBRD loan, other institutions are providing matching grant financing to the company. The Swiss State Secretariat for Economic Affairs (SECO) is providing a €6.85 million grant. The Special Climate Change Fund (SCCF) will provide a €1.15 million grant.

The proceeds of the EBRD loan and the SCCF and SECO grants will fund water supply and wastewater rehabilitation in the city. The project will involve the development of well fields and replacement of transmission pipes; the construction of wastewater collector pipes; and the procurement of laboratory equipment.

Signing the loan at the EBRD Annual Meeting in Warsaw, EBRD First Vice President, Phil Bennett, said: “The government of the Kyrgyz Republic sees the modernisation of water and wastewater infrastructure as a priority, and so do we. The EBRD has been actively working in the sector for the last three years and together with international donors the Bank has supported several projects throughout the country.”

The Minister of Finance of the Kyrgyz Republic, Olga Lavrova, said: “The proposed operation is the second EBRD project with the Bishkek Water Company. These projects are very important for Bishkek as they are aimed at improving the quality and reliability of water supply and wastewater services in the capital. These improvements will have a very positive effect on people’s lives.”

The city of Bishkek, with funding from the EBRD and SECO, is already working on the modernisation of the city’s water supply infrastructure. The previous loan, signed in 2009, financed the modernisation of equipment and vehicles, the installation of water meters, and the rehabilitation of boreholes and water intakes, to improve water supply services for the people of Bishkek.

This year, the EBRD has also financed water and wastewater modernisation in the city of Talas following similar projects earlier in the cities of Bishkek, Osh, Jalalabad and Karabalta.
Since the beginning of its operations in the Kyrgyz Republic, the EBRD has invested about €460 million (US$ 625 million) in the country’s economy, with about a fifth of the Bank’s financing supporting infrastructure.


Twitterfacebookprint
15:36 16.05.2014
LATEST NEWS
17:27 2 licenses issued for development of shell limestone deposits in Osh and Jalal-Abad regions17:20 Kazakh delegation participates in meeting of Executive Committee of Bureau International des Expositions16:58 Turkmenistan and China discuss expansion of cooperation16:50 Finance Ministry to seek KGS 400 million to pay off Kyrgyzjilkommunsoyuz's debt for fuel and heat energy subsidies16:20 Afghanistan to take necessary measures to ensure safety during TAPI gas pipeline construction15:45 PM, Saudi envoy discuss cooperation issues15:20 Kyrgyzstan to take part in OIC forum to present investment projects15:10 Kyrgyz, Tajik Foreign Ministers discussed cooperation15:05 232 conscripts of State Border Service take oath15:01 Brazil's Rousseff ups social spending as Senate ruling looms14:56 India to provide $1 billion loan for Mongolia14:36 Resorts in Issyk-Kul won't be able to operate without passing certification - Governor14:29 Monthly unemployment payment to amount to 250 soms14:17 Membership in Organization of Islamic Cooperation is foreign policy priority of Kyrgyzstan - Speaker14:10 Atambayev, OIC Secretary General meet in Bishkek13:57 Foreign Minister, OIC Secretary General discuss cooperation13:27 Swiss, Turkmen relations discussed in Ashgabat13:25 Kazakh FM, China's State Councilor discuss cooperation in Beijin13:19 Anti-immigrant Alternative for Germany party says Muslims not welcome in Germany12:52 Father and son from Talas assembled one of a kind car from different spare parts
Astana
+15° C
Ashgabat
+24° C
Bishkek
+18° C
Dushanbe
+22° C
Tashkent
+22° C
Ulaanbaatar
+12° C
exchange rates
 
78.21
68.26
10.55
1.06
373.14
327.66
50.51
5.09
6.85
6.26
1.01
0.12
3286.53
2888.39
446.81
42.81
4.01
3.50
0.54
0.05

© AKIpress News Agency - 2001-2016. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to www.akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75