EBRD, EIB, EU to finance new wastewater plant in Kosovo
Image by Shutterstock.com
The European Bank for Reconstruction and Development, the European Investment Bank (EIB) and the European Union are financing a new wastewater treatment plant in northern Kosovo to improve sanitation standards and reduce wastewater pollution in south Mitrovica, Vushtrri and the surrounding areas, the EBRD said in a statement.
The EBRD is extending a EUR 13.5 million loan to Regional Water Company Mitrovica, a state-owned water utility company, to finance the construction of the new treatment plant, as well as the rehabilitation and extension of the wastewater network in south Mitrovica and Vushtrri.
The plant will benefit more than 123,000 people living in the company's service area. The EIB will co-finance the project with another EUR 13.5 million loan, while the EU will provide a EUR 5 million grant through the Western Balkans Investment Framework (WBIF).
The project will also benefit from technical assistance provided by WBIF and Swiss State Secretariat for Economic Affairs, it said.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
