The EDB extends a RUB 1.3 billion loan to Vodokanal Yakutsk
Moscow, 15 February 2018. The Eurasian Development Bank and Vodokanal signed a loan agreement to finance construction of water intake and purification facilities in Yakutsk. The project is part of the programme to reconstruct water conditioning facilities in the city.
The document was executed by Timur Abdullakhanov, Managing Director and Head of Transport and Infrastructure at the EDB, and Gavril Levin, General Director of Vodokanal. A RUB 1.3 billion loan will be provided for ten years from the signature date.
The project finances completion of the construction of water intake and purification facilities with a total capacity of 110,000 cu m a day in Yakutsk.
It aims to enhance the quality of water supply and sewage services under respective standards and raise water supply capacity to meet demand resulting from new construction and expansion of the city. The project will help to introduce state-of-the-art technology and reduce operational costs.
“The project is in line with the Bank’s mission and strategy in that it creates conditions for Yakutsk’s socioeconomic development,” Timur Abdullakhanov commented. “The investment project will help to solve key development tasks and improve water supply and sewage services in the city of Yakutsk.”
Gavril Levin said that, “the construction of water intake and purification facilities that are of critical social importance to Yakutsk will solve the city’s problems associated with annual increases in the demand for drinking water and the need to supply people with quality drinking water that meets sanitary and epidemiological standards.”
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
Read more at https://eabr.org/
Vodokanal is one of the region’s largest water supply and sewage enterprises. It serves over 80% of the city population, including 257,000 people connected to the centralised water supply system. Vodokanal provides water supply, sewage and sewage purification services and installs and operates water meters for the population and businesses in the city.
The EDB Media Centre:
+7 (727) 244 40 44, ext. 6147 (Almaty)