EIB grants €100m to Aquafin for wastewater treatment projects in Belgium
The European Investment Bank (EIB) will provide €100m to Belgian wastewater treatment company Aquafin, as part of a new 200 million euro loan agreement, in support of Aquafin’s projects in the Flemish Region.
Pim van Ballekom, Vice-President of the EIB who is responsible for Belgium, comments on the operation: “Our collaboration with Aquafin goes back a very long way and represents a clear example of a situation where European loans can have a big impact at the local level, often without many people being aware of it”. The EIB has set itself the goal of awarding at least 25% of its loans to climate-related projects, so we are pleased with the high standards that Aquafin is maintaining in that area too.”
The Flemish wastewater purification company will utilize the loan proceeds to further expand and optimize its water purification infrastructure in the Flanders region. In particular, the funds will be used for the construction of collectors, solving bottlenecks in the existing sewage infrastructure, separating stray water and rain water from the sewage network, as well as the construction of new and upgrading of existing treatment facilities.
Jan Goossens, General Manager of Aquafin “We had to demonstrate that at least a quarter of the investment value of the projects for which we are requesting financing will have a clear positive impact on climate change. This condition is fully met by projects for separating rainwater from the waste water infrastructure and by optimisation projects that allow us to arm ourselves to deal with climate change. Projects that only involve linking pollutant loads to water purification do not meet the requirement, even though they do contribute towards a better living environment. The analysis carried out in the context of this tenth loan was an informative exercise for us. It has encouraged us to look at our projects from a different perspective.”
For more information about Aquafin’s activities, please click here.