Release date: 18 October 2021
Promoter – Financial Intermediary
COUNTERPART(S) TO BE DETERMINED,PUBLIC ENTITY(IES)Location
Description
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.
Objectives
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.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Solid waste - Water supply; sewerage, waste management and remediation activities
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
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.
Procurement
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.
Status
Approved - 2/02/2022
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).