EBRD and Swiss Government Boost Water Infrastructure in Tajikistan with €2.7 Million Investment

EBRD and Swiss Government Boost Water Infrastructure in Tajikistan with €2.7 Million Investment

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Swiss government are teaming up to provide €2.7 million towards the completion of vital water projects in Fayzobod, Tajikistan. This financial package will support upgrades to water supply and wastewater infrastructure, benefiting over 30,000 residents in the region and enhancing resilience to climate change. Through a sovereign loan and capital grant, alongside additional support from the Swiss government, the project aims to address critical drinking water and sanitation issues while promoting sustainable water usage practices. With this investment, the EBRD and Swiss government reaffirm their commitment to advancing infrastructure development and environmental sustainability in Tajikistan, contributing to the country’s long-term prosperity and resilience.

(PRESS RELEASE) LONDON, 1-May-2024— /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) and the Swiss government are helping to address pressing water treatment and environmental issues in Tajikistan by contributing additional funds towards the completion of upgrades to water and wastewater infrastructure in the city of Fayzobod and 14 neighbouring communities.

The EBRD is organising a financial package of up to € 2.7 million for a local utility, Khojagii Manziliyu Kommunali, which will be supplying water to more than 30,000 residents of the Fayzobod region, a large, 900 km2, administrative district in the Rasht Valley. It consists of the Bank’s sovereign loan of up to €1.35 million and a capital grant of €1.35 million anticipated from the Swiss government through the State Secretariat for Economic Affairs (SECO).

The funds will complement an original investment made in 2022. The project will help address issues in critical drinking water and wastewater infrastructure and will promote the sustainable use of water by minimising water losses.

EBRD President Odile Renaud-Basso said: “Our Bank is pledging more resources to strengthen Tajikistan’s resilience to climate change and to reduce water consumption by upgrading water networks and associated infrastructure. Once the project has been completed, the local population will benefit from rehabilitated networks and better sanitation.”

SECO will additionally provide € 200,000 to support the procurement and construction supervision.

To date, the EBRD has invested €947 million through 168 projects in Tajikistan.

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SOURCE: EBRD