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Summary sheet

Release date
18 October 2021
Status
Reference
Approved | 02/02/2022
20210497
Project name
Promoter - financial intermediary
CARIBBEAN WATER SANITATION AND CLEAN OCEAN PL
COUNTERPART(S) TO BE DETERMINED,PUBLIC ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 400 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
  • Solid waste - Water supply; sewerage, waste management and remediation activities
Description
Objectives

A thematic programme loan available to Caribbean countries dedicated to improving climate resilience and healthy oceans through new investments in security of water supply, wastewater treatment, solid waste and storm-water management across the region.

The proposed programme loan aims to provide financing primarily to sovereign and sovereign guaranteed public sector counterparties in the Caribbean. The programme loan is dedicated to improving climate resilience and healthy oceans through new investments in water supply security, wastewater treatment, storm-water management, solid waste management and coastal protection across the Caribbean region. Some project examples are: (i) rehabilitation and expansion of water supply systems; (ii) new and upgraded collection and wastewater treatment; (iii) rehabilitation and expansion of drainage and storm-water systems; (iv) expanded and improved waste collection and recycling and (v) coastal and reef protection projects, among others.

Environmental aspects
Procurement

The Promoters will be required to implement and operate the projects in conformity with national laws, as well as the EIB's Environmental and Social Standards. The programme loan intends to bring environmental benefits such as: (i) pollution abatement in water bodies and marine environment through improved wastewater treatment, storm-water and solid waste management; (ii) improved water management through the rehabilitation of water supply systems thus reducing non-revenue water; (iii) protection of coasts from flooding and erosion; (iv) climate change mitigation through the reduction in greenhouse gases emissions due to improved wastewater treatment, increased energy efficiency in water supply systems and improved solid waste management; and (v) climate change adaptation through improved water management, flood protection and coastal resilience. It is expected that the programme loan will improve access to safe drinking water and sanitation, as well as result in more resilient and reliable water services.

The Bank will require the Promoters to ensure that implementation of the projects will be done in accordance with the Bank's Guide to Procurement.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

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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) - CARIBBEAN WATER SANITATION AND CLEAN OCEAN PL
Publication Date
23 Feb 2022
Document language
Main Topic
Lending
Document Number
150404665
Document Focus
Environmental Information
Project Number
20210497
Publicly available
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