Fayoum Wastewater Expansion Programme (EBRD-48177)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
B
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.
Voting Date
Apr 26, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 201.39 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 170,000,000.00
Converted using 2017-11-28 exchange rate.
Project Cost (USD)
$ 473.86 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 400,000,000.00
Converted using 2017-11-28 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 28, 2017

Disclosed by Bank Feb 21, 2017


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Project Description
EUR 400 million investment programme to fund an integrated wastewater treatment programme in the Fayoum Governorate, including the (i) construction of 8 new wastewater treatment plants (WWTPs); (ii) expansion of 17 WWTPs; (iii) expansion of the sewerage network in the area; and (iv) purchase of equipment for all wastewater facilities and evacuation trucks to serve areas. EBRD will provide a sovereign loan of up to EUR 170 million to the Arab Republic of Egypt. It is expected that the Project will be co-financed by a sovereign loan of up to EUR 160 million from the European Investment Bank ("EIB") and a EUR 30 million investment grant from the EU Neighbourhood Investment Facility ("NIF"). The Project fully supports the Bank's Green Economy Transition ("GET") Approach which, among different goals, aims at scaling up the promotion of sustainability of natural resources use, to support pollution prevention and to avoid/reduce the degradation of ecosystems. PROJECT OBJECTIVES Increasing wastewater treatment capacity: The Project will provide first time sanitation to over 1 million inhabitants of the 1,831 unserved villages in Fayoum, thereby raising sanitation coverage from the current 49% to full coverage. Contributing to the depollution of Lake Qarun: Lake Qarun is the third largest lake in Egypt and an important natural lake for economic activities in Fayoum. The Project will substantially contribute to reduced pollution of Lake Qarun. This will positively affect community health and key related economic opportunities in Fayoum, including fishing, fish-farming and tourism related activities. Improve operational systems and practices at local level: The Project will enhance the overall efficiency of the operations and improve the capacity and responsibility of the Fayoum Company for Water and Wastewater ("FAYC") while promoting the decentralisation of wastewater management.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
Mohey El Din Ahmed Mohamed mohey.mohamed@hcww.com.eg 00201200080088 0020224583884 www.hcww.com.eg Cornish El-Nil, Rod-El-Farag, Water Treatment Plant, Cairo, Egypt ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.