EIB approves €120m loan to upgrade wastewater treatment plant in Egypt
February 02, 2020 – The European Investment Bank (EIB) has signed an agreement to finance €120m to the Egyptian Government to support the expansion and upgrade of the Alexandria West Waste Water Treatment Plant (WWTP).
Located in Naga’ El Arab, Alexandria Governorate, the Alexandria WWTP has a current wastewater treatment capacity of 460,000m3/day.
The upgrade project aims to increase the treatment capacity to 680,000m³/day required to meet the needs of people for up to the year 2050.
The project will also include upgrading the level of treatment from primary to secondary in order to improve the plant’s effluent quality.
EIB Eastern and Southern neighbourhood operations director Flavia Palanza said: “We are pleased to sign a new financing agreement to support such a vital sector in Egypt.
“The Alexandria West WWP will have an important impact on the lives of people living in Egypt’s second largest city. As the largest international financier to the water sector worldwide, we are proud to provide both financing as well as needed expertise to implement projects.”
EIB said that the upgrade project will also help in improving sanitation services for people in the Governorate of Alexandria.
European Union (EU) ambassador to Egypt Ivan Surkoš said: “We are looking at how water is the key to socio-economic development, not just from the environmental perspective but also contributing to green growth and in particular through greater resource efficiency.
“The EU EUR 20 Million grant contribution to the Alexandria Waste Water Treatment Plant forms part of our efforts in that direction.”
The investment bank noted that the project would contribute to the country’s efficient and sustainable water resources management and climate action efforts.
Separately, EIB has approved €1.2m funding to the Egyptian National Authority for Tunnels to finance the feasibility study for the rehabilitation of Cairo Metro Line 2.
The bank further approved €1.5m to fund the feasibility study including an environmental and social impact assessment for the Tanta – El Mansoura – Damietta Rail upgrade project.