The loan can benefit as many as 850,000 people or 15% of the population in Kyrgyz Republic. The project will address the urgent requirements in the country’s water and waste management sectors.
A delegation of European Union to the Kyrgyz Republic will oversee the project.
Under the project, the existing waste collection system will be upgraded in the cities of Osh and Jalal-Abad apart from the construction of new sanitary landfills.
Undertakings in the water sector are in preparation in the cities of Osh, Uzgen, Kara-suu, Kizyl-Kiya, Balykchy, Cholpon-Ata, and Karakol.
EIB vice-president Jan Vapaavuori signed the loan on the initial visit of a Member of the EIB Management Committee to the Kyrgyz Republic
Vapaavuori said: "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.
"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."
This is the second loan granted by the EIB in the Kyrgyz Republic. Last year, the bank provided EUR70m to fund the construction of a high voltage electricity power transmission line interlinking the electricity networks of Kyrgyz Republic and Tajikistan.
