EIB to provide £76m loan for Cambodian water treatment plant

WCN Editorial Team 20 Jun 2019 ASIA ENERGY & UTILITIES

European Investment Bank (EIB) has agreed to provide €85.9m (£76.3m) loan to Phnom Penh Water Supply Authority for the construction of the Bakheng Water Treatment Plant in Cambodia.

The Bakheng Water Treatment Plant will facilitate in improving the supply of drinking water in and around the country’s capital, Phnom Penh.

The project will be backed by an investment grant from the Asia Investment Facility of the European Union with €13.5m (£12m) and will also be supported by Agence Française de Développement (AFD) under the Mutual Reliance Initiative.

The water treatment plant will be constructed on the northern outskirts of Phnom Penh and the water intake will be located in the west bank of Mekong River. When operational, the water treatment plant will be able to supply nearly 71 billion litres of drinking water annually, in and around the city. The capital city is claimed to be home to country’s 10% population along with hosting majority of industrial activities.

EIB vice-president in charge of EIB operations in Cambodia Andrew McDowell said: “By providing clean drinking water to the population of Phnom Penh, this project will help reduce inequalities and make a real difference to people’s health and education.

“This is especially true for those living in the poorest areas of the city, particularly the women and young girls who are traditionally the water carriers, who have had no access to a safe and reliable water supply.

“This project will also help communities adapt to climate change by protecting the ground water. I am very pleased to join forces on this project with the European Commission, AfD and our Cambodian partners; this shows the real added value of cooperation.”

The project is in-line with the Multiannual Indicative Programme 2014-2020 of the European Union’s cooperation with Cambodia, especially with the first sector of EU development cooperation ‘agriculture and natural resource management’ and with the European Development Cooperation Strategy for Cambodia 2014-2018 on infrastructure.

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Image: EIB’s loan will help Cambodia to build a water treatment plant in Phnom Penh. Photo: Courtesy of European Investment Bank.

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