Water

EUR 25 million loan for upgrading Sarajevo water supply network

Photo: Pixabay

Published

May 11, 2017

Comments

0

Share

Published:

May 11, 2017

Comments:

0

Share

The reconstruction of the water supply network in Sarajevo, the capital of Bosnia and Herzegovina, is financed with a EUR 25 million sovereign loan provided to the Sarajevo Canton Water and Wastewater Company by European Bank for Reconstruction and Development (EBRD).

The loan agreement was signed today on the final day of the EBRD 2017 Annual Meeting and Business Forum in Nicosia by EBRD Director for Municipal and Environmental Infrastructure, Susan Goeransson, and the Minister of Foreign Trade and Economic Relations, Mirko Šarović, according to information provided on the Bank’s website.

The loan will finance investments to reduce water losses in the network and improve the quality of services provided by the water utility company. This is the second transaction under the EBRD’s new Green Cities Framework which supports governments, municipalities, municipal-owned and private companies to address environmental challenges in urban areas.

Thanks to expert technical assistance funded by the EBRD, the company, which is currently loss-making, will be made commercially sustainable. The preparation of a Green City Action Plan (GCAP), a strategic plan which will benchmark environmental challenges and propose priority areas for improvements in the Sarajevo Canton, will also be a part of the project.

Ian Brown, EBRD head of Bosnia and Herzegovina, said: “Today’s signing, which will reduce water losses and help the Canton solve one of its most urgent problems, is an important part of our work in Bosnia and Herzegovina. This project will directly help to improve the access to water for the people of Sarajevo.”

Minister Šarović added:  “I am delighted to sign this loan agreement today at the EBRD 2017 Annual Meeting and Business Forum in Nicosia. This funding from the EBRD is a welcome and much needed investment in the infrastructure in the Sarajevo Canton, and is further evidence of our cooperation with the EBRD.

Since the beginning of its operations in Bosnia and Herzegovina, the EBRD has invested more than EUR 1.8 billion in over 130 projects in the country. Reducing water losses in the Sarajevo Canton is a response to the  global resource efficiency challenge.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Scientists warn rainwater unsafe to drink

Scientists warn rainwater is unsafe to drink

11 August 2022 - The levels of so-called forever chemicals in rainwater exceed the most stringent standards developed by health and environmental agencies

Drought-lowers-hydropower-plant-output-Serbia-Europe

Drought lowers hydropower plant output in Serbia, Europe

10 August 2022 - The water flow in Serbia's hydropower system dropped by a half, increasing the need for electricity imports, but the situation is similar across Europe

olive-drought-stricken-Italy Climate-change-impacting-wine

Climate change impacting wine, olive production in drought-stricken Italy

20 July 2022 - The Italian way of life is under threat, especially in the valley of the river Po, which turned into a creek due to the ongoing drought

Turkish entity Cyprus energy water deal government Nicosia

Turkish entity in Cyprus offers energy, water deal to government in Nicosia

05 July 2022 - Cypriot Turkish leader Ersin Tatar offered the Republic of Cyprus a deal on hydrocarbons, electricity, renewables and water, but under a two-state solution