EIB finances Portuguese water supply and wastewater project
The European Investment Bank will provide up to €28.2 million in financing to support the water distribution optimisation investments of Águas do Interior in the north of Portugal. The operation is supported by the European Fund for Strategic Investments.
Águas do Interior will be able to carry out its five-year investment programme aimed at improving water supply and waste management services for about 95,000 people in the municipalities of Freixo de Espada à Cinta, Mesão Frio, Murça, Peso da Régua, Sabrosa, Santa Marta de Penaguião, Torre de Moncorvo and Vila Real. The EIB will support the company’s rehabilitation of water supply systems to reduce water losses as well as the upgrading and rationalisation of wastewater collection and treatment systems to comply with EU and regional environmental requirements.
Overall, the EIB investment backed by EFSI will help to reduce pollution by improving the quality of the effluents that are discharged into the region’s surface water and it will contribute to increased resilience against climate-related risks.
