Azerbaijan: EBRD finances water infrastructure in Ganja
More than 300,000 people living in Azerbaijan’s second-largest city stand to benefit from further improvements to their urban environment thanks to a third Green Cities project agreed by the delegations of the European Bank for Reconstruction and Development (EBRD) and Azerbaijan on 22 January, at the 2025 World Economic Forum.
In a loan agreement, signed in Davos by EBRD Vice President Jürgen Rigterink and Azerbaijan’s Minister of the Economy, Mikayil Jabbarov, the Bank committed €35 million to finance the upgrading of Ganja’s water management systems. The agreement was signed during a meeting between EBRD President Odile Renaud-Basso and the President of Azerbaijan, Ilham Aliyev. The project will be co-financed by a grant of up to €5 million from the European Union.
The proceeds will finance the construction of a water supply pipeline, wastewater collection pipes and water reservoirs, and stormwater management systems and other supporting infrastructure. Upgrades to Ganja’s water infrastructure will ensure better access to clean water for the city’s residents. `
Ganja joined the EBRD’s flagship Green Cities programme in 2020, and this is now the EBRD’s third investment project there, after financing upgrades to the city’s waste management and street-lighting infrastructure.
The EBRD’s €7 billion Green Cities programme helps cities to identify, prioritise and tackle their most pressing environmental challenges by developing tailor-made Green City Action Plans (GCAPs) and making targeted investments to address each city’s urban challenges.
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