June 4 (SeeNews) - The European Investment Bank (EIB) said it will invest 11 million euro ($12.3 million) in a wastewater management project in the municipality of Gjilan in Kosovo.
The project encompasses the construction of a wastewater treatment plant and related sewerage network that will provide improved and affordable access to water and wastewater services to more than 90,000 people, the bank said in a statement earlier this week.
The investment, EIB's first in wastewater and environmental protection in Kosovo, is part of the bank’s Economic Resilience Initiative aimed at improving vital infrastructure in the Western Balkans and fostering social and economic progress in the region.
The project has also secured 10 million euro in co-financing from the European Bank for Reconstruction and Development (EBRD) and a 3.1 million euro grant from EU's Western Balkans Investment Framework (WBIF).
($ = 0.8924 euro)