NRWB Secures 47 million Euros (K90 billion) from European Investment Bank
Northern Region Water Board (NRWB) has secured about 47 million Euros (K90 billion) from European Investment Bank (EIB), to be used to expand and improve the water supply system in Mzuzu City and surrounding areas.
However, the loan facility awaits EIB board approval, expected in March this year.
NRWB Board Chairperson Frank Mwenifumbo said in an interview that the loan unlocks various funding opportunities for the board towards sanitation initiatives if the project is completed in time.
Mwenifumbo disclosed that the board hosted a delegation from Brussels in camera in Mzuzu, which expressed satisfaction on how the board is implementing its projects.
Read also: Analysis: Malawi’s ongoing fuel crisis and its economic toll
Read also: MCP Blasts “Reckless and Misleading” Claims Over Chimwendo Banda Arrest
Read also: MACRA to train Police PROs on digital communication
He said part of the money; 22 million Euros will be used to raise Lunyangwa Dam to improve its holding capacity from 21 million litres to 30 million litres per day.
The chairperson further said 18 million Euros will be used for production efficiency by among others promoting usage of clean energy to pump water.
Mwenefumbo then said the remaining money will be used for procurement of prepared metres, which will be used to connect new customers within Mzuzu City and surrounding areas.
Read also: Defenders Group accuses DPP government of being quiet
Read also: Mozambican businessman arrested at Muloza Border for fuel smuggling attempt
Read also: UTM Elective Convention Kicks Off in Mzuzu
