DUSHANBE, Tajikistan, March 29. The European Bank for Reconstruction and Development (EBRD) has assessed a project aimed at extending a sovereign loan of up to 4 million euro to Tajikistan, Trend reports.
According to the bank, the goal of this financial assistance is
to help improve crucial water supply infrastructure in Bokhtar.
This loan will be augmented with investment grants from the EBRD
Shareholder Special Fund (SSF) and/or other international
contributors. The monies will subsequently be transferred to
Khojagii Manziliyu Kommunali Bokhtar Water and Wastewater Company,
a wholly-owned subsidiary of Khojagii Manziliyu Kommunali State
Unitary Enterprise.
The EBRD emphasizes that the project's goal is to improve the
operational efficiency of the company and the water sector through
a series of policy initiatives.
The effort aims to improve water resource and energy efficiency,
reduce pollution, and alleviate ecological degradation in
Tajikistan by implementing an Integrated Water Resource Management
strategy to river basin servicing.
Finally, the project is expected to reduce water waste and
increase access to clean water for a broader portion of the
population.
The loan will mature in 15 years, including a four-year grace
period.
Meanwhile, the EBRD's existing loan portfolio in Tajikistan was 482
million euros for 69 active projects as of January 31, 2024. As of
the reporting date, the EBRD's cumulative investments in Tajikistan
were 919 million euros, divided among 165 projects, with the
private sector accounting for 13 percent.
