EIB OFFERS INVESTMENT ON BELGIUM, SPAIN, CYPRUS WATER PROJECTS
October 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has announced spending and spending plans worth Euro 230 million to three major water utility projects. The bank has signed a deal to lend Euro 100 million to Cyprus' Sewerage Board of Limassol-Amathus (SBLA), and is supplying a first tranche of Euro 70 million immediately, to enable its southern coast area to comply with the EU urban wastewater directive. This includes building new and upgrading existing pumping stations, while creating new reservoirs and drainage systems. The EIB is also planning to lend Euro ...
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