On Thursday 12th of January, the French Development Agency (AFD) signed an EU-sponsored 8 M€ (11.48 billion MMK) grant agreement with the Mandalay City Development Committee (MCDC). The grant will benefit the Mandalay Urban Services Improvement Project (MUSIP) for further improvements of water supply and sanitation services in Mandalay. This grant is provided by the European Union (EU) to promote action against climate change and green investments.
The EU grant will support urban services management capacity strengthening through technical assistance to MCDC which is in charge of the water service in the city, including municipal financial management and corporatization of water services.
Moreover, the grant will cofinance the extension and restructuration of the distribution network of the city water supply system as part of a broader component of rehabilitation and improvement of existing infrastructures.
The grant agreement was signed at the Mandalay City Hall in the presence of HE Dr. Zaw Myint Maung Mandalay region Chief Minister, HE Dr. Ye Lwin Mayor of Mandalay, HE Mr. Olivier Richard, French ambassador to Myanmar, Mrs. Isabel Faria De Almeida, Head of the EU development cooperation in Myanmar and Mrs. Ariane Ducreux, AFD regional director for Thailand, Laos and Myanmar.
Note: The Mandalay Urban Services Improvement Project MUSIP is financed through a combination of an EU grant from the Asia Investment Facility (AIF) with loans of AFD (40 M€) and the Asian Development Bank (60 MUSD). This blending of financing resources aims at leveraging effective financing in a sustainable way and in accordance with national development priorities.