European Bank to provide EUR18.2m loan for environmental project in Belarus
The European Bank for Reconstruction and Development (EBRD) has entered into a loan agreement to with Belarus to provide €18.2m under a 15-year environmental project in the country.
The loan will be employed to support the reduction of greenhouse gas emissions in the provincial cities of Vitebsk, Baranovichi and Slonim through de-centralized project implementation units.
A wastewater treatment plant at Vitebsk will also form part of the said project.
The project is expected to reduce the pollution in the Baltic Sea and will use the biogas from wastewater sludge to be harnessed for energy production.
Total international financing designated for this project, including loans, investments and grants from the Northern Dimension Environmental Partnership and the governments of Austria, Finland and Sweden amounts to about €68m.
The EBRD loan is part of a wider international effort to increase investments in the wastewater and water sector outside of the capital, Minsk.