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EIB Announces Support For Water Projects In Egypt, Finland, Italy And Dominican Republic

LUXEMBOURG

At their monthly meeting in Luxembourg on October 9, the Board of the European Investment Bank (EIB) approved backing for EUR 6.67 billion of sustainable transport, urban development, water, clean energy and private sector investment across Europe and Africa. The EIB is the world’s largest financier of water investment and will now back new projects to upgrade wastewater treatment in Egypt’s second city Alexandria and Turku in Finland, as well as upgrading water infrastructure in Italy. Additionally, it approved financing to reconstruct infrastructure damaged by flooding in the Dominican Republic and strengthen the resilience of existing facilities.

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