BISHKEK (TCA) — The European Investment Bank (EIB) is lending EUR 20 million to the Kyrgyz Republic to finance improvements in the municipal solid waste and water sectors from which some 850,000 people or 15% of the total population of the country will benefit, the Delegation of the European Union to the Kyrgyz Republic said.
EIB Vice-President Jan Vapaavuori, who signed the loan within the first visit of a Member of the EIB Management Committee to the Kyrgyz Republic, stated: “EIB funds will help increase the quality of life of Kyrgyz Republic’s citizens and reduce public-health risks through providing adequate supply of drinking water and improving disposal of solid waste and wastewater. At the same time we are identifying with Kyrgyz authorities projects suitable for EIB financing relevant for the further development of the country’s economy in line with EU and of Kyrgyz Republic priorities.” The ceremony was attended by EU Ambassador to Kyrgyzstan Cesare De Montis.
This project addresses the most urgent needs in the water and waste management sectors in the Kyrgyz Republic. The project is a good example of cooperation between the EIB, the EU and the European Bank for Reconstruction and Development, and is supervised by the Delegation of the European Union to the Kyrgyz Republic.
Two solid waste schemes in the cities of Osh and Jalal-Abad respectively comprise upgrades of the existing waste collection system and construction of new sanitary landfills. Undertakings in the water sector are being in preparation, notably in the cities of Osh, Uzgen, Kara-suu, Kizyl-Kiya, Balykchy, Cholpon-Ata, and Karakol.
This is the second loan granted by the EIB in the Kyrgyz Republic. In 2015 the EU Bank provided EUR 70 million to finance construction of a high voltage electricity power transmission line interconnecting Kyrgyzstan’s and Tajikistan’s electricity networks towards increasing the reliability of the electricity systems and allow the development of regional electricity trade in Central Asia.