Standard Chartered, Bpifrance Assurance Export and Sfil finance major water infrastructure project to expand access to clean water in Luanda, Angola
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Standard Chartered announces its lead role in arranging a EUR538 million financing for the Republic of Angola to support the expansion of Luanda's potable water distribution network under Phase 2 of the transformative Quilonga Grande Water System project.
Commissioned by Empresa Pública de Águas (EPAL), under Angola’s Ministry of Energy and Water, this transformative project will expand the Greater Luanda Metropolitan Area’s integrated water distribution system. The project will draw water from the River Kwanza and process it through a new treatment plant with a capacity of 518,000m³ per day. The enhanced distribution network is expected to provide reliable access to clean water for approximately five million people across the region.
The second phase of this critical water distribution project is expected to significantly improve access to safe drinking water for a rapidly growing urban population, helping to alleviate chronic shortages and reduce reliance on informal water vendors. By strengthening the water supply network, the project is also expected to lower the incidence of waterborne diseases and create more than 1,500 direct jobs during the construction phase, delivering both public health and economic benefits to local communities.
