EYDAP Secures €250 Million EIB Funding for Climate-Resilient Water Services in Attica

The European Investment Bank (EIB) has announced a significant investment of €250 million in EYDAP, the water and sewage company of Athens, to bolster the climate resilience of water services in the Attica region. This substantial funding is part of the EIB’s efforts to support sustainable and environmentally friendly projects across Europe. The investment will enable EYDAP to upgrade and expand its water infrastructure, ensuring that the region’s water services are better equipped to withstand the challenges posed by climate change. The project is expected to have a positive impact on the environment, public health, and the local economy. The EIB’s funding will be used to implement a range of measures, including the construction of new water treatment plants, the upgrade of existing infrastructure, and the implementation of innovative technologies to improve water efficiency. The project will also involve the development of a flood protection system, which will help to mitigate the risks associated with extreme weather events. The investment is a significant boost to EYDAP’s efforts to enhance the sustainability and resilience of its water services, and is expected to have a lasting impact on the region. The project is also expected to create new job opportunities and stimulate local economic growth. The EIB’s funding is a testament to the bank’s commitment to supporting projects that promote sustainable development and environmental protection. The investment is also expected to contribute to the achievement of the United Nations’ Sustainable Development Goals (SDGs), particularly SDG 6, which aims to ensure universal access to clean water and sanitation. The project will be implemented in partnership with local authorities and stakeholders, ensuring that the needs and concerns of the local community are taken into account. The EIB’s funding will be provided over a period of several years, allowing EYDAP to implement the project in a phased and sustainable manner. The investment is expected to have a positive impact on the region’s water services, ensuring that they are more resilient, efficient, and sustainable. The project will also involve the development of a comprehensive monitoring and evaluation system, which will enable EYDAP to track the project’s progress and impact. The EIB’s funding is a significant contribution to the development of climate-resilient water services in Attica, and is expected to serve as a model for similar projects in other regions. The investment is also expected to promote the use of innovative technologies and approaches in the water sector, contributing to the development of a more sustainable and resilient water infrastructure. The project will be implemented in accordance with the highest environmental and social standards, ensuring that the needs and concerns of the local community are respected and addressed. The EIB’s funding is a testament to the bank’s commitment to supporting projects that promote sustainable development, environmental protection, and social inclusion. The investment is expected to have a lasting impact on the region, contributing to the development of a more sustainable, resilient, and equitable water infrastructure. The project will also involve the development of a comprehensive stakeholder engagement plan, which will enable EYDAP to engage with local communities, stakeholders, and authorities, ensuring that their needs and concerns are taken into account. The EIB’s funding will be used to support the development of a range of activities, including public awareness campaigns, stakeholder engagement, and community outreach programs. The project is expected to contribute to the development of a more informed and engaged public, which will be better equipped to support the development of sustainable and resilient water services. The investment is a significant boost to EYDAP’s efforts to enhance the sustainability and resilience of its water services, and is expected to have a positive impact on the region’s environment, public health, and local economy.

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