Improved Collection & Sanitary Landfill Projects to Benefit : €20m EIB Loan for Waste Management & Water Projects in Kyrgyz Republic
Central Asian country, the Kyrgyz Republic, has secured a €20 million loan from the European Investment Bank (EIB) to finance improvements in the municipal solid waste and water sectors.
The bank said that the planned upgrades will benefit around 850,000 people or 15% of the total population of the country.
This project, which is intended to address the most urgent needs in the water and waste management sectors in the Kyrgyz Republic, was said to be a good example of cooperation between the EIB, the EU and the European Bank for Reconstruction and Development. It is supervised by the Delegation of the European Union to the Kyrgyz Republic.
Two solid waste schemes in the cities of Osh and Jalal-Abad respectively will comprise upgrades to the existing waste collection system and construction of new sanitary landfills.
“EIB funds will help increase the quality of life of Kyrgyz Republic’s citizens and reduce public health risks by providing an adequate supply of drinking water and improving the disposal of solid waste and wastewater,” commented EIB vice president Jan Vapaavuori, who signed the loan during the first visit of a Member of the EIB Management Committee to the Kyrgyz Republic.
“At the same time we are identifying with Kyrgyz authorities projects suitable for EIB financing that are relevant to further develop the country’s economy in line with EU and Kyrgyz Republic priorities,” added Vapaavuori.
The loan is the second loan granted by the EIB in the Kyrgyz Republic. In 2015 the bank provided €70 million to finance the construction of a high voltage electricity power transmission line interconnecting the Kyrgyz Republic’s and Tajikistan electricity networks, increasing the reliability of the electricity systems and enabling the development of regional electricity trade in Central Asia.
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