Umgeni Water will use the funding for new pipelines and upgrading of existing water supply, water treatment works, pumping and service reservoirs in its operational area.
The loan will also allow Umgeni Water to supply clean water to about five million people in Durban and surrounding areas.
The water supply projects are part of Umgeni Water’s Capital Expenditure infrastructure programme.
EIB funding will provide capacity to municipalities to enable new water connections to un-served areas.
The bank said the initiative will involve upgrading water supply networks and treatment facilities to enable increased provision of water.
South Africa-based Umgeni Water is engaged in water management, and is a supplier of bulk potable water in the Province of KwaZulu-Natal.
