Project Notice
|
| PNR |
58068 |
| Project Name |
Project Guelmim - Oued Noun Region |
| Project Detail |
Location:
Morocco
Project number:
54158
Business sector:
Municipal and environmental infrastructure
Notice type:
State
Environmental category:
B
Approval date:
21 Nov 2023
Status:
Passed Final Review, Pending Approval
PSD disclosed:
21 Nov 2023
Provision of a senior loan of up to MAD 130 million (equivalent to EUR 12 million) to Guelmim-Oued Noun Region (the "Region" or the "Client") to finance investments aimed to improve drinking water supply for households in rural areas in the province of Guelmim and to upgrade four existing Waste Water Treatment Plants ("WWTPs"), enabling the reuse of treated water for watering green spaces in the Region (collectively the "Project").
The Banks loan will be supplemented by an investment grant of USD 1 million from the Global Environment Facility ("GEF") under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts ("ENVITECC") Programme for the upgrade of four existing WWTPs. The Banks loan benefits from first-loss risk cover from the European Fund for Sustainable Development ("EFSD").
Project Objectives
The Projects objectives are to reduce climate impacts, guarantee water security and promote circular economy as an effective framework for sustainable water management. The Project will address regional disparities in human capital development by increasing access to water and wastewater services to households living in the Region.
The transaction will also support the Region through Technical Cooperation ("TC") to develop an Operational Performance Improvement Plan ("OPIP"). The OPIP will cover the development of (i) a sustainable Operation & Maintenance ("O&M") governance framework for rural water supply that will professionalise rural service delivery and improve service quality as well as (ii) a practical management and governance model for the use of recycled water that will ensure investment sustainability. |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
Railways |
| Country |
Morocco , Northern Africa |
| Project Value |
MAD 270,291,999
|
