EBRD Unveils Funding Details For Water Management Project In Azerbaijan's Ganja
Date
1/22/2025 9:06:43 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 22. The European Bank
for Reconstruction and Development (EBRD) has committed 35 million
euros to upgrade water management systems in Azerbaijan's Ganja
city, a project that will impact over 300,000 residents, Trend reports.
The loan agreement, signed by EBRD Vice President Jürgen
Rigterink and Azerbaijan's Minister of Economy Mikayil Jabbarov,
will be co-financed by up to 5 million euros in grants from the EU.
The project follows a memorandum of understanding signed at the
2024 UN Climate Change conference in Baku.
The investment will fund the construction of water supply
pipelines, wastewater collection systems, and stormwater management
infrastructure. These upgrades aim to enhance residents' access to
clean water and build resilience against climate change
impacts.
Ganja, a member of the EBRD's Green Cities program since 2020,
has already received EBRD funding for waste management and street
lighting improvements. The city's Green City Action Plan, adopted
in 2024, is part of the broader 7 billion euro Green Cities
initiative that supports cities in addressing environmental
challenges.
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