The European Investment Bank (EIB) is planning to provide up to €28.2 million ($33 million) to support water investments of Águas do Interior – Norte (AdIN), a company that exclusively provides water supply and waste management services to eight municipalities in northern Portugal.
AdIN will use the money to rehabilitate water supply systems to reduce water losses, and upgrade wastewater collection and treatment systems, reducing pollution and bolstering resilience against climate-related risks.
The financing will allow AdIN to carry out its five-year investment program aimed at improving water supply and waste management services for 95,000 people located in the municipalities of Freixo de Espada a Cinta, Mesao Frio, Murca, Peso da Regua, Sabrosa, Santa Marta de Penaguiao, Torre de Moncorvo and Vila Real.
“The current condition of the water supply and wastewater sanitation systems requires substantial investment, impossible to achieve exclusively with se