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Reference: 20180092
Release date: 22 October 2018

Promoter – Financial Intermediary

MINISTERE DU CADRE DE VIE ET DU DEVELOPPEMENT DURABLE - REPUBLIQUE DU BENIN

Location

Description

The project consists of the financing of a storm water retention pond as well as disposal infrastructures in the city of Cotonou, Benin.

Objectives

The proposed operation aims at the extension and upgrade of the storm water drainage system in the city of Cotonou. Thereby the operation will support sustainable growth and improve wellbeing and health and environment outcomes. The proposed operation is fully aligned with the Cotonou Agreement and it is eligible under Article 309 point (a) projects for developing less-developed regions and/or point (c) common interest. It is also in line with the government action programme (PAG) spanning 2016-2021 that aims at improving the living conditions of Benin, to create jobs and to revive the economy sustainably.

Sector(s)

  • Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 128 million

Environmental aspects

The project will have a positive impact on public health by reducing the flooding of houses and the stagnation of rainwater in urban areas. Inside the EU, the project components would be categorised under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/20/EU and therefore would be subject to environmental screening to define if an EIA would be required according to the relevant competent authority. In most cases, wastewater networks in urban areas are screened out. The Bank will assess the social aspects of the project during appraisal to ensure adherence to its social standards. Climate change aspects will be futher examined during the appraisal.

Procurement

The Bank will require the promoter to ensure that implementation of the project will b done in accordance with the Bank's Guide to Procurement.

Status

Signed - 19/12/2018

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).

Related tags

Benin Water, sewerage