LOWLANDS WATER DEVELOPMENT PROJECT (EIB-20170197)

Countries
  • Lesotho
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
KINGDOM OF LESOTHO
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 94.56 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 80 million
Converted using 2018-05-15 exchange rate.
Project Cost (USD)
$ 218.67 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 185 million
Converted using 2018-05-15 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 8, 2018

Disclosed by Bank May 15, 2018


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Project Description

The Lowlands Water Development Project (LWDP) is the second phase of the Lesotho Lowland Water Supply Scheme (LLWSC). It will include bulk water production infrastructure, distribution networks and actions on water efficiency, sanitation and capacity building. The overall LLWSC aims at improving the climate resilience and security of potable water access in the Lowlands of Lesotho. The first phase, the Metolong Dam and Water Supply Programme (MDWSP), was already financed by the Bank.

LLWSC aims at improving the climate resilience and security of potable water access in four priority geographical zones of the Lowlands of Lesotho.

Investment Description
  • European Investment Bank (EIB)
Contact Information

*Contact information not provided at the time of disclosure*

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