EIB to finance water supply project
Monday, 30 June 2014
The European Investment Bank (EIB) has decided to lend Euro 100 million to the government of Bangladesh to finance a new sustainable surface water supply system in Dhaka. The financing contract was signed in Dhaka on Monday. This is the second lending operation to the public sector in the country, the first one being the Euro 82 million in support of more efficient power generation was signed in November 2013. The EIB is granting this loan under the current lending mandate for Asia and Latin America (ALA IV), which enables it to support investment designed to develop the local private sector, build social and economic infrastructure and mitigate the effects of climate change, according to a news agency.