Clean water for 5m people around Durban assured with EIB support
The European Investment Bank will provide
EUR 35 million (R385 million) long-term funding to Umgeni Water for new pipelines
and upgrading of existing water supply, water treatment works, pumping and
service reservoirs that will contribute to the improved supply of bulk potable
water in the Umgeni Water operational area. The infrastructure will enable
Umgeni Water to continue to provide clean water to an estimated 5 million
people in
“The Umgeni Water projects will assure and
improve access to water for over a million households across
“The European Investment Bank has an in-depth understanding of the pressing service delivery needs of our country and the importance of ensuring water supply in the region. We are delighted that the negotiations have been successfully concluded, which will now enable us to move ahead with the projects with vigour.” said Nica Gevers, Acting Chief Executive and General Manager of Finance at Umgeni Water.
Managed by
The granting of the loan to Umgeni Water has, in a sense, been historic as it is the first loan to be made to a South African water board by the European Investment Bank. The loan will complement the financial support provided to the Trans-Caledon Tunnel Authority (TCTA) and funding for the eThekwini Metropolitan Municipality for related water projects, namely the construction of the Spring Grove Dam (as part of the Mooi-Mgeni Transfer Scheme) and the replacement of water mains and installation of new pipelines for improved efficiency of the water supply system in the eThekwini region respectively.
The European Investment Bank is working
with key partners across
Since 2000 the European Investment Bank
has provided over EUR 531 million of funding for water projects across in
The European Union’s long-term lending
institution is the world’s largest lender to the water sector. Involvement in
projects across
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Notes for the Editor:
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
Contact information |
EIB: Richard Willis (Durban) - Press Office
(email: r.willis@eib.org ; press@eib.org) Phone: +352 43 79 - 82155 / +352 43 79 - 21000 / Mobile: +352 621 55 57 58 |
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News type | Inbrief |
File link |
http://www.eib.org/projects/press/2011/2011-185-clean-water-for-5m-people-around-durban-assured-with-eib-support.htm |
Source of information | EIB |
Keyword(s) | water supply, water treatment works, pumping, service reservoirs |
Subject(s) | ANALYSIS AND TESTS , CHARACTERISTICAL PARAMETERS OF WATERS AND SLUDGES , DRINKING WATER , DRINKING WATER AND SANITATION : COMMON PROCESSES OF PURIFICATION AND TREATMENT , ENERGY , FINANCE-ECONOMY , HYDRAULICS - HYDROLOGY , INDUSTRY , INFRASTRUCTURES , SANITATION -STRICT PURIFICATION PROCESSES , SLUDGES |
Relation | http://www.eib.org/pdf?url=/projects/press/2011/2011-185-clean-water-for-5m-people-around-durban-assured-with-eib-support&lang=-en |
Geographical coverage | South Africa |
News date | 05/12/2011 |
Working language(s) | ENGLISH |