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EIB Provides €250 Million Financing for EYDAP's Water Services Upgrade in Attica, Greece

Strategic Insights

— 2 min read

The European Investment Bank (EIB) has signed a €250 million financing framework with the Athens Water Supply and Sewerage Company (EYDAP) to support a €514 million investment programme aimed at modernizing and upgrading water supply and wastewater services for over 4 million residents in the Attica region. This agreement marks a milestone for EYDAP, securing long-term financing for the first time to implement its strategic investment plan.

The investments, to be carried out between 2025 and 2030, will strengthen the reliability, safety, and sustainability of water services in one of Europe's most densely populated metropolitan areas. At the same time, they will support Greece's adaptation to climate change by enhancing resilience to drought and reducing the environmental footprint of urban water networks.

Key Takeaways:

  • The €250 million EIB financing will support EYDAP's €514 million investment programme to modernize and upgrade water supply and wastewater services for over 4 million residents in the Attica region.
  • The investments will be carried out between 2025 and 2030 and will strengthen the reliability, safety, and sustainability of water services in the Attica region.
  • The EIB financing will support Greece's adaptation to climate change by enhancing resilience to drought and reducing the environmental footprint of urban water networks.
  • The investment programme includes the replacement and modernization of water supply and wastewater networks, upgrading of drinking water and wastewater treatment plants, installation of smart meters, and deployment of digital systems and automation in the network.
  • The upgrades will improve the quality of drinking water, protect public health, reduce pollution, and help Athens adapt to the impacts of climate change.
  • The EIB loan will cover up to 50% of the current €514 million programme, with the remainder financed by the company's own resources and potential commercial lendings.
  • The project reinforces EU climate, environmental, and social cohesion objectives, helping Athens adapt to drought and continue implementing EU water directives.
  • The EIB financing will also support EYDAP's broader policy goals, including climate action and environmental sustainability, social and territorial cohesion, and the EU's Water Resilience Initiative and Green Deal.
  • The project forms part of EYDAP's broader infrastructure plan, which totals approximately €2.1 billion.

Statistics:

  • The EIB loan will provide up to €250 million to support EYDAP's investment programme.
  • The programme aims to modernize and upgrade water supply and wastewater services for over 4 million residents in the Attica region.
  • The investments will be carried out between 2025 and 2030.
  • The project will reduce water losses, cut emissions, and make Athens more resilient to climate challenges.
  • The EIB loan will cover up to 50% of the current €514 million programme.
  • The remainder will be financed by the company's own resources and potential commercial lendings.

Sources:

  • European Investment Bank (EIB)
  • Athens Water Supply and Sewerage Company (EYDAP)
  • Ministry of Environment and Energy, Greece
  • InvestEU Advisory Hub

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