EBRD loans up to €6 million to finance upgrade of Bosnia and Herzegovina water and wastewater infrastructure
- September 11, 2020
- Posted by: administrator
- Category: Investment and Finance, Europe
The EBRD loan is part of a €56 million long-term investment plan by the city to strengthen and expand its water and wastewater infrastructure. The plan will improve citizens’ access to high quality drinking water as well as rehabilitate and extend the city’s sewerage network – another of Banja Luka’s wastewater challenges.
The EU is expected to support the project with a grant of €4 million under its Instrument for Pre-Accession Assistance 2020. Austria and Sweden provided technical cooperation funds to finance the Green Cities Action Plan.
Launched in 2016, EBRD Green Cities helps cities to address their environmental issues and improve the quality of life for their residents. To date, 35 cities in the EBRD regions have signed up to the programme. In Bosnia and Herzegovina alone, Banja Luka, Sarajevo Canton and Zenica have joined EBRD Green Cities so far.
Since it began operations in Bosnia and Herzegovina in 1996, the EBRD has invested more than €2.6 billion in 181 projects in the country.