$60m EIB loan backs improved water supply and sanitation in Ecuador
The European Investment Bank has agreed a $60 million loan to finance the development of drinking water and sanitation networks in the Portoviejo region in Ecuador.
The loan, to the Decentralised Autonomous Municipal Government of the Canton Portoviejo, part finances the construction and rehabilitation of water supply, wastewater and storm water networks in urban and rural areas of the canton Portoviejo, province of Manabí. It will enable the construction of sewer networks, wastewater treatment plants and stormwater networks close to the coast.
The operation will be co-financed by the Inter-American Development Bank, Spain’s Fund for the Promotion of Development managed by the Spanish Agency for International Development and Cooperation, and EU’s Latin America Investment Facility.
