EBRD and EU help improve water services in southern Tajikistan
7 months ago tngadmin Comments Off on EBRD and EU help improve water services in southern Tajikistan
An EBRD sovereign loan of up to €7.5 million is reportedly being extended to the state enterprise for Kulob water and wastewater services (KMK), which will rehabilitate the key water supply and wastewater infrastructure in the city. The funds will be used to upgrade the network including water mains, intakes and pumping stations. They will also help modernize KMK’s wastewater treatment plant, the wastewater network and facilitate the procurement and installation of water meters.
It is expected that upon implementation the city of Kulob will be able to reduce its water losses by up to 35 percent.
The project is expected to receive grant support from EU’s Investment Facility for Central Asia (IFCA) in the amount of €7.5 million to co-finance capital expenditures. The project will also benefit from technical assistance package of €1.25 million, approved by IFCA and EBRD’s Shareholder Special Fund, to finance project implementation support and corporate development program, which will include creation of a Kulob regional water company and the implementation of International Financial Reporting Standards.
The water infrastructure in Kulob requires urgent investments. Regular access to safe drinking water and timely water treatment are particularly important for the city’s sustainable development under the COVID-19 pandemic and for hygiene and health reasons.
To-date, the EBRD has invested €731 million through 139 projects in Tajikistan’s economy.