EIB mulls EUR 78 mn loan for Helwan wastewater plant expansion
The European Investment Bank (EIB) is studying the possibility of extending a € 78 mn loan to finance the expansion of the Helwan wastewater treatment plant which will be at a total cost of € 20 million, according to the bank’s website.
The project aims to improve the disposal and utilization of effluent and sludge at the facility, improving the quality of water and lowering pollution in the area, the bank said.
The government has reached out to other undisclosed international lenders to secure the remaining financing for the project, the local press reports, citing government sources.
