GrCF: UKT Tirana Water Company

repaying

Provision of a loan of up to EUR 30 million to Ujesjelles Kanalizime Tirana ("UKT" or the "Company"), Tirana's Water & Wastewater Utility Company, in two tranches: the first tranche of up to EUR 15 million ("Tranche 1") to be committed upon signing and the second tranche of up to EUR 15 million ("Tranche 2"), uncommitted. The proceeds of Tranche 1 will be used for: i) extension of the capacity of the Bovilla Water Treatment Plant ("WTP") and ii) construction of a new water pipeline that will transfer water from Bovilla Water Treatment Plant to the north western part of the City of Tirana by gravity. The proceeds of Tranche 2 would be determined at a later stage once a study on UKT's Strategic Water Resources is completed. The study will determine the most cost-efficient and economically viable investment to further address Tirana's water shortage, assessing both demand-side and supply-side strategic options. Supply-side options could include exploiting new water sources, such as the Guri I Bardhe, demand-side options could include rehabilitating Tirana's water network and installing strategic flow/pressure meters, or a mix of solutions. The project is a sub-project under the Green Cities Framework ("GrCF").