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Signature(s)

Amount (.*)
€ 232,900,000
Countries
Sector(s)
Egypt : € 232,900,000
Water, sewerage : € 232,900,000
Signature date(s)
21/07/2020 : € 19,000,000
18/12/2018 : € 213,900,000
(*) Including a € 19,000,000 Investment Grants provided by the NEIGHBOURHOOD INVESTMENT PLATFORM
Link to source
Data sheet

Summary sheet

Release date
4 August 2017
Status
Reference
Signed | 18/12/2018
20170090
Project name
Promoter - financial intermediary
KITCHENER DRAIN
HOLDING COMPANY FOR WATER AND WASTEWATER
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 233 million
EUR 441 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

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

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.

Environmental aspects
Procurement

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.

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.

Under ELM Guarantee
Comments

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

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.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - KITCHENER DRAIN
Publication Date
6 Jun 2018
Document language
Main Topic
Lending
Document Number
78611950
Document Focus
Environmental Information
Project Number
20170090
Sector(s)
Countries
Publicly available
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