The European Investment Bank announced on 15 October that it has signed a lending agreement with Netherland’s water authority Waterschap Rivierenland of up to €100 million.

The financing will be used to strengthen some 160 km of dykes in its area of responsibility, expand a wastewater treatment plant and install solar panels.

“Since the EIB’s goal is to contribute to things that have a positive impact for European citizens, this loan is a win-win situation. It allows the water authority to diversify its funding while increasing the safety of citizens”, said Vazil Hudak, EIB Vice-President.