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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...

10 Dec 2019 RABAT

KfW Finances Morocco WASH Projects

Morocco’s National Office for Electricity and Drinking Water (ONEE) and German Kreditanstalt für Wiederaufbau (KfW) signed financing agreements to the tune of ‎€55.5 million on Thursday, December 5, in Rabat. The agreements cover several projects related to drinking water supply and sanitation.

18 Nov 2016 WINDHOEK, Namibia

Namibia in Talks With KfW to Finance Desalination Plant Study

The Namibian government is holding talks with German development bank KfW on financing the feasibility study for construction of a desalination plant in the Erongo region.The study is expected to be completed at the end of 2018, the Ministry of Agriculture, Water and Forestry told The Namibian newspaper...

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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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4 Nov 2016 HOMA BAY

County Partners with KfW

The Homa Bay government is working with Germany’s KfW Development Bank to increase water supply from 3490 cubic metres to 6000 cubic metres. Governor Cyprian Awiti said the project, which will expand the treated water distribution lines and rehabilitation, will cost Sh1.1 billion. Awiti said the project will be completed by December next year.

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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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8 Feb 2016 LIMA

KfW Lends Peru $24 Million for Water, Sewage Infrastructure

Germany’s Kreditanstalt fur Wiederaufbau-KfW and Peru’s Economy and Finance Ministry-MEF signed two loan contracts worth US$68.3 million in total, whose resources will be allocated to infrastructure projects supporting people in northern Lima. The first loan of US$24 million will provide partial financing of a Sedapal project to improve drinking water and sewage systems, sector distribution, networks, and land registry.

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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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