EIB Funds Macedonia Water Project

The European Investment Bank (EIB) has granted €50m ($64m) to the former Yugoslav Republic of Macedonia to finance water and wastewater projects in the country.

The funding will be used to undertake projects to supply better drinking water and improve the efficiency of treatment and distribution facilities in 84 municipalities between 2009 and 2013.

The loan will cover 50% of the total cost of the project, which aims to increase water supply in rural areas and improve wastewater disposal throughout the Balkan country.

The country is undertaking the water project to comply with EU rules in the broader water sector and improve living standards in medium and small-size towns and villages.