Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Malawi
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Investment Bank (EIB)
Status: Active
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-15
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: NORTHERN REGION WATER BOARD
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Water and Sanitation
Investment Amount (USD): $ 23.05 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 20.00 million
Converted using 2017-07-19 exchange rate.
Project Cost (USD): $ 64.54 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported EUR 56.00 million
Converted using 2017-07-19 exchange rate.

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Primary Source

Original disclosure @ EIB website
Updated in EWS: 2017-07-19
Disclosure Date: 2016-08-12
MALAWI NWB WATER EFFICIENCY PROJECT
EIB-20160106

Project Description
The objective of the project is to ensure a reliable water supply, primarily for the populations of Mzuzu and Ekwendeni areas in the northern region of Malawi. The project's main components consist of upgrading and extending the water distribution system, upgrading of water treatment works, reduction of leakages, improving network management and water supply to low income areas. Certain designs are also expected to be carried out for the medium-long term projects including in particular a significant new water supply dam on the Lambilambi river. It is an Investment programme to optimise available water resources to bridge the gap in water demand for specific areas in northern Malawi in the short-medium term.
Investment Description
Contact Information
ACCOUNTABILITY MECHANISM OF EIB The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces
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