Wednesday 25 January 2017

EU bank grants €50m for Sri Lankan water network

EU bank grants €50m for Sri Lankan water network

The European Investment Bank (EIB) is providing €50 million (£43m) to support the improvement and expansion of the water network in the Sri Lankan capital Colombo.

The existing water supply and sewage network in the city was built a hundred years ago and is not adequate for the city’s needs.

Once completed, clean water will be supplied 24 hours a day and seven days a week, compared to the currently heavily restricted service, the EIB states.

The new water investment programme will include provision of a new sewage network in currently un-served areas of Kirillopone.

Under the initiative, a new wastewater treatment facility will also be built to reduce pollution at the Wellawata sea outfall.

The new loan is the EIB’s first ever support for the water sector in Sri Lanka.

Written by

Bruna Pinhoni

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