Kyrgyz Republic secures €20m EIB loan to develop water infrastructure
Kyrgyzstan has secured €20 million from the European Investment Bank to finance improvements in the municipal solid waste and water sectors...
Central Asian country Kyrgyzstan has secured €20 million from the European Investment Bank (EIB) to finance improvements in the municipal solid waste and water sectors.
The projects aim to address the most urgent needs in water and solid waste management, eventually benefitting 15% of the population.
Projects in the water sector include in the cities of Osh, Uzgen, Kara-suu, Kizyl-Kiya, Balykchy, Cholpon-Ata, and Karakol.
The cooperation is between the EIB, the EU and the European Bank for Reconstruction and Development, and is supervised by the Delegation of the European Union to the Kyrgyz Republic.
Jan Vapaavuori, vice-president of the EIB, said: “EIB funds will help increase the quality of life of Kyrgyz Republic’s citizens and reduce public health risks by providing an adequate supply of drinking water and improving the disposal of solid waste and wastewater. At the same time we are identifying with Kyrgyz authorities projects suitable for EIB financing that are relevant to further develop the country’s economy in line with EU and Kyrgyz Republic priorities.”
This is the second loan granted by the EIB in the Kyrgyz Republic. In 2015 the EU bank provided €70 million to finance the construction of a high voltage electricity power transmission line interconnecting the Kyrgyz Republic’s and Tajikistan electricity networks.