According to the Bank’s website, the loan will finance the construction of a new artificial reservoir in the Platy River in Crete to secure and improve irrigated agriculture and flood protection in surrounding areas.
In particular, the project will consist of:
1. Construction of the Platy artificial reservoir, with 21 million m3 capacity
2. Transfer through 18.6 km of water mains from the reservoir to current overexploited aquifer in the Messara agricultural plain
3. New irrigation scheme of up to 4 350 ha in the surroundings of the Platy reservoir
4. Other (engineering, supervision, land acquisition, contingencies)
The aim is to protect Crete from droughts and floods in a context of climate change, as well as the groundwater resources. The project is included in the approved 1st Revision of the River Basin Management Plan for Crete, the Flood Risk Management Plan and the Regional Development Strategy.
No contact information provided at the time of disclosure.
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