JBIC to Fund Overseas Water Supply Projects

The Japan Bank for International Cooperation (JBIC) is planning to lend $2.5bn this year for overseas water supply and clean energy projects to market Japan’s environmental technologies.

The Japanese state-controlled bank will also partner with local commercial banks to provide syndicated loans worth $5.4bn for such projects in the next 12 months.

Japan will benefit from technology exports such as water-supply systems, smart electricity grids and power generators because the country’s demand for such technology is weakening.

JBIC will lend money to projects involving Japanese companies or Japanese technologies, according to Bloomberg.