EIB Invests €250 Million in Sustainable Water Services for Attica Region

The European Investment Bank (EIB) has announced a significant investment of €250 million to support the Athens Water Supply and Sewerage Company (EYDAP) in its efforts to enhance the sustainability and climate resilience of water services in the Attica region. This substantial financing package is designed to facilitate the implementation of EYDAP’s investment programme, which focuses on improving the efficiency and reliability of water supply and wastewater management systems. The programme aims to address the pressing challenges posed by climate change, such as droughts and floods, and to ensure that the water services in Attica are better equipped to withstand these extreme weather events. The investment will enable EYDAP to upgrade its infrastructure, including the construction of new water supply networks, the rehabilitation of existing ones, and the implementation of advanced technologies for water treatment and management. Furthermore, the programme will prioritize the reduction of water losses, the promotion of water conservation, and the enhancement of the overall quality of water services. The EIB’s financing will also support the development of innovative solutions for wastewater management, including the construction of new wastewater treatment plants and the upgrade of existing facilities. The investment programme is expected to have a positive impact on the environment, public health, and the economy of the Attica region. By improving the sustainability and climate resilience of water services, the programme will contribute to the protection of natural resources, the reduction of greenhouse gas emissions, and the creation of new job opportunities. The EIB’s investment is a testament to the bank’s commitment to supporting sustainable development and climate action in Europe. The financing package is also expected to attract additional investments from other financial institutions and private sector companies, further enhancing the impact of the programme. The implementation of the investment programme will be carried out in accordance with the highest environmental and social standards, ensuring that the needs of local communities and stakeholders are taken into account. The programme will also prioritize the involvement of local businesses and contractors, promoting the development of the local economy. The EIB’s investment in EYDAP’s programme is a significant step towards achieving the European Union’s climate and environmental goals, including the reduction of greenhouse gas emissions and the protection of natural resources. The programme is also aligned with the United Nations’ Sustainable Development Goals (SDGs), particularly SDG 6, which focuses on ensuring access to clean water and sanitation for all. The investment is expected to have a lasting impact on the Attica region, improving the quality of life for its inhabitants and contributing to the region’s economic development. The EIB’s financing will be disbursed over a period of several years, allowing EYDAP to implement its investment programme in a phased and structured manner. The bank’s investment will be complemented by technical assistance and advisory services, providing EYDAP with the necessary expertise and support to ensure the successful implementation of the programme. The partnership between the EIB and EYDAP is a prime example of the collaboration between the public and private sectors to achieve sustainable development and climate action. The investment programme is expected to serve as a model for other water utilities and municipalities in Europe, demonstrating the importance of investing in sustainable and climate-resilient water services. The EIB’s investment in EYDAP’s programme is a significant contribution to the development of a more sustainable and resilient water sector in Europe, and it is expected to have a lasting impact on the environment, public health, and the economy of the Attica region.

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