The Bita Water Supply Guarantee Project, the first ever IBRD guarantee operation in support of water sector, has been approved by the World Bank Board. IBRD guarantee of $500 million will help mobilize total commercial financing of around $1,090 million to finance and implement the Bita water supply project.
The project will provide access to water in the poorest slums and benefit around 2 million people over time in greater Luanda province. It will address a critical public service gap in the capital region where over three million people are without access to a piped water supply today, and must cope with unsafe, inconvenient, and largely unaffordable tanker truck service, priced sometimes at 50 times the regulatory tariff.
PPIAF-SNTA has played an important role in the guarantee preparation with a grant that allowed for capacity building and institutional strengthening. we are confident these efforts will lead to better project implementation and EPAL’s path towards performance improvement.
Learn more about IBRD Guarantees.