BDE WATER AND SANITATION

Promoter – Financial Intermediary

PUBLIC ENTITY(IES)

Location

• Ecuador

Description

The project consists of an intermediated framework loan through Ecuador's development bank to partly finance investment projects located throughout the country in the water and sanitation sector.

Objectives

This project will improve access to, and quality and continuity of, the water and sanitation services in Ecuador with a view to achieving the objectives under the 2017-2021 National Development Plan as well as the Sustainable Development Goals.

Sector(s)

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

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

USD 100 million (EUR 82 million)

Total cost (Approximate amount)

USD 268 million (EUR 218 million)

Environmental aspects

The sub-projects under the framework loan are expected to contribute to increasing the capacity of systems and expanding water and wastewater services as well as coverage with a direct positive impact to people's livelihoods and the environment. In addition, sanitation related sub-projects will have a positive environmental impact through the significant reduction of wastewater discharges into rivers. Furthermore, it is expected that sanitation sub-projects will have a significant contribution to climate change mitigation, through the reduction of greenhouse gases emissions from waste water and sludge treatment.

Procurement

The promoters of the sub-projects to be financed under the framework loan will be required that procurement of goods, works and services is carried out in accordance to EIB's Guide to Procurement.

Status

Signed - 24/12/2021