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TunisiaMorocco: EIB and ONEE to optimise drinking water supply and distribution
The European Investment Bank (EIB) has signed a new €37.5 million (MAD 405 million) finance contract with the Office National de l’Electricité et de l’Eau potable to finance the rehabilitation and improvement of water supply and distribution infrastructure in Morocco.
Against a backdrop of increasing water stress, this operation strengthens the ONEE programme to modernise and optimise water production, pipeline and supply infrastructure across Morocco. The planned investments aim to ensure the drinking water supply is reliable and to improve the living conditions of the population, mainly in rural areas.
This EIB financing falls under the European Union’s external lending mandate and is part of the Team Europe programme’s response to the health crisis. The total amount of the loan exceptionally covers 90% of the total project cost. The EIB Statute normally limits this figure to 50%.
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Countries covered:
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Morocco
