The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s water security with a €250 million loan to Office National de l’Electricité et de l’Eau Potable (ONEE).
The financing will support Morocco investment program seeking to improve the efficiency, resilience and sustainability of water production infrastructure. Investments will focus on reducing water losses, rehabilitating and expanding critical infrastructure, strengthening the resilience of strategic water assets and deploying digital technologies to enhance network management.
Haytham Eissa, EBRD Head for Morocco, said the bank’s financial props up Morocco’s water security at a time the country is facing increasing pressure from climate change. It will also back ONEE’s long-term transformation by embedding climate resilience and sustainability into its governance.
The EBRD has invested more than €6.2 billion in Morocco since beginning operations in the country in 2012, supporting the private sector, the green transition and sustainable infrastructure.
