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30 Jul 2020 SINGAPORE, Singapore

Singapore High Court Extends Hyflux Debt Moratorium; Judicial Management May Follow

Unsecured bank lenders to troubled environmental services company Hyflux Ltd have succeeded in their appeal to the Singapore High Court to allow them to file an application to put the company under judicial management.More OOSKAnews coverage of the Hyflux Ltd sagaThe group consisting of Mizuho Bank, KfW, Bangkok Bank, BNP Paribas, Standard Chartered Bank, CTBC Bank and the Korea Development Bank holds more than $655 Million USD in debt...

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24 Feb 2020 BRUSSELS, Belgium

New European Financing For ASEAN Green Infrastructure Projects

The European Union has announced $55 Million USD in support for the Catalytic Green Finance Facility (ACGF) of the Association of Southeast Asian Nations (ASEAN).ACGF was launched in April 2019 and is designed to provide ASEAN governments with technical assistance and access to sovereign funding for infrastructure projects in the water sector, green energy sector, urban transportation and climate-resilient agriculture...

7 Nov 2016 NAIROBI, Kenya

Kenyan Opposition Leader Accuses Government of Fraud in Itare Dam Project

Kenyan opposition leader and former Prime Minister Raila Odinga has accused the current government of forging documents to make it appear that it has support from local residents for the $332 million USD Itare Dam project in the Kuresoi area of Kericho County.The project includes construction of the dam, a tunnel, and a raw water treatment plant with a capacity of 100,000 cubic meters per day, as well as laying of pipes...

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18 Oct 2016 NAIROBI, Kenya

Northern Water Collector Tunnel Project to Move Forward Despite Opposition

Kenya’s controversial $74 million USD Northern Water Collector Tunnel will proceed as planned, despite calls from the political opposition leader to cancel the project, Athi Water Services Board (AWSB) CEO Malaquen Milgo said on October 14th.Milgo also dismissed claims that the project would cause environmental damage and affect river flows...

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14 Apr 2016 KYIV, Ukraine

Germany, EU Announce Loan for Chernivtsi Water Project

The European Union and the German government this week announced that they are providing a long-term concessional loan to municipal water utility Chernivtsivodokanal for a project to renovate the drinking water system in Chernivtsi, Ukraine.The loan will be disbursed in three tranches. The first installment, which took effect last month, will total some $19 million USD...

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22 Feb 2016 NAIROBI, Kenya

Kenya’s Northern Water Collector Tunnel to Be Launched Soon: Water Minister

Kenya’s long-delayed $74 million USD Northern Water Collector Tunnel project will be launched in a matter of weeks, according to Water and Irrigation Cabinet Secretary Eugene Wamalwa.Authorities in Murang’a County, from which the water would be sourced, had blocked the project last year due to environmental concerns...

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7 Oct 2015 BRUSSELS, Belgium

EU, Peru to Sign $45 Million Agreement for Development Program

The European Union and the Peruvian government are expected to sign a $45 million USD agreement in the coming days to support Peru’s National Development and Social Inclusion Strategy, the EU announced on October 7th.The agreement to disburse the funds will be signed by EU Commissioner for International Cooperation and Development Neven Mimica and Peruvian President Ollanta Humala during Mimica ’s visit to Peru from October 9-11...

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18 Sep 2015 NAIROBI, Kenya

Contractor Halts Work on Kenya’s Northern Water Collector Tunnel

The Chinese construction company contracted to build Kenya’s $74 million USD Northern Water Collector Tunnel has halted operations and relocated its employees, in compliance with a court order.Arik Karani, a communications officer with the Athi Water Services Board (AWSB), which is carrying out the project, confirmed this week that work had stopped...

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17 Jul 2015 NAIROBI, Kenya

Murang’a County Leaders Threaten to Halt Kenya's Northern Collector Tunnel Project

Leaders in Kenya’s Murang’a County this week threatened to put a stop to construction work on the controversial $74 million USD Northern Collector Tunnel unless the local population is allowed to access water from the project.Murang’a County Senator Kembi Gitura led area leaders on July 14th in urging residents to halt the ongoing construction work...

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7 Jul 2015 MURANG'A, Kenya

Athi Water Services Board Denies That Tunnel Project Will Affect Local Rivers

Kenya’s Athi Water Services Board (AWSB) this week dismissed concerns that the controversial $74 million USD Northern Water Collector Tunnel project would reduce water levels in rivers in Murang'a County.During a visit to Murang’a Governor Mwangi Wairia’s office last week, AWSB Chairman Mwangi Kiunjuri said studies had shown that the water levels in the Gikigie, Irati and Maragua rivers would not be affected by the project...

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27 May 2015 SUCRE, Bolivia

Bolivian Government Announces Measures to Resolve Sucre Water Crisis

The Bolivian government last week announced measures to address the water crisis in the city of Sucre, constitutional capital of the country and home to half a million people.On May 23rd, the government allocated $40 million USD to improve Sucre’s water system, which collapsed following recent landslides, by 2019...

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27 Apr 2015 MURANG'A, Kenya

Kenya’s Athi Water Services Board Accused of Starting Work on Controversial Tunnel

A legislator from central Kenya’s Murang’a County this week claimed that the Athi Water Services Board (AWSB) has started construction of the $74 million USD Northern Water Collector Tunnel project in violation of is agreements with local officials.The tunnel would transport an estimated 142 million cubic meters of floodwater from Murang’a County to the Thika Dam, 70 kilometers from the country's capital, Nairobi...

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