Release date: 28 October 2014
Promoter – Financial Intermediary
EMPRESA MUNICIPAL DE AGUA POTABLE Y ALCANTARILLADO DE GUAYAQUIL, EMAPAG EPLocation
Description
The project concerns the construction of a wastewater treatment plant, associated pumping stations and a limited number of major sewage collectors for the southern part of the city of Guayaquil. The project also includes the installation of around 30,000 wastewater house connections and the rehabilitation of 41 km of main sewers in the La Chala area.
Objectives
The project will contribute to improving water quality, restoring the landscape and protecting biodiversity, improving sanitation and health conditions, and finally to achieving 100% connection to the sewer system. Improved sanitation conditions and water bodies' quality will reduce health risks related to waterborne diseases and thus contribute to decreasing the mortality rate and enhancing living conditions. The project is also expected to strengthen the promoter's institutional capacity and enhance its service capacity.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under ELM Guarantee
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
EUR 93 million
Total cost (Approximate amount)
EUR 212 million
Environmental aspects
An environmental impact assessment (EIA) has been prepared according to international best practice, in order to evaluate the different project options. The compliance with the standards of the EU EIA Directive will be assessed during appraisal.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 29/07/2015
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).