LUXEMBOURG — The European Investment Bank (EIB) recently confirmed a 24 million euro loan as part of a larger effort to alleviate the water shortage crisis in Malawi, according to a press release.
Malawsi’s Lilongwe Water Board will implement the program, which totals 49.2 million euros, noted the release. The investment will help ensure the country’s capital city has access to healthy water as its population is expected to double over the next 20 years.
The water board will manage upgrades and improvements to infrastructure throughout the next four years, stated the release. Low-income areas will also receive better water supplies.
“On behalf of the people and Government of Malawi, I am very happy to have signed this project which will help the government address some of the bottlenecks facing the Lilongwe Water Board.” said Goodall Gondwe, minister of finance, economic planning and development, in the release.
Our new engagement in the country demonstrates the EIB’s continued commitment to supporting water investment that improves lives across Africa and around the world,” shared said Pim van Ballekom, EIB vice president, in the release.
“Being able to see at first hand the impact of previous water investment supported by the EIB in Malawi shows the crucial need to continue to upgrade existing water infrastructure and expand the supply of drinking water to more communities,” van Ballekom continued in the release. “I am confident that the new project confirmed today will improve the quality of water supply and wastewater treatment in Lilongwe for many years to come.”
Click here to read the entire release.
