Commercial banks and export credit agencies (ECAs) are still keen to finance the right wastewater treatment plants in the region, according to HSBC director Matthew Nathan.
“There is still a novelty factor with wastewater. Some banks in some markets are full on power and water projects,” Nathan said, speaking at MEED’s 7th Annual Middle East Wastewater Treatment and Reuse conference in Abu Dhabi on 21 November.
“There is also the environmental factor. JBIC [Japan Bank for International Corporation] (JBIC) and Kexim [Export-Import Bank of Korea] are still very supportive of it, and this appetite is expected to continue,” he added.
HSBC advised the Government of Bahrain on a wastewater treatment project at Muharraq. The public-private partnership project will have a capacity of 100,000 cubic metres a day (cm/d). The deal reached financial close in September.