The European Investment Bank (EIB) has agreed to provide up to €13 million (US$14.6 million) for a new waste facility to be built in Western Macedonia (Greece) through a PPP project, to treat solid waste in the region.

The project is promoted by DIADYMA SA, the regional waste management body. It concerns the construction and operation of solid waste treatment, disposal and transfer facilities for residual waste generated in Western Macedonia, and will serve a population of approximately 285,000.

The borrower and concessionaire for the West Macedonia solid waste management PPP project will be a special purpose company, the shareholders of which, are Aktor Concessions and Helector.

The project involves the design, building, financing, operation and maintenance (DBFOM) of the new facilities for 25 years.

Since the start of the economic crisis in 2008 the EIB has provided more than €11 billion for investment in projects and in support for small and medium size enterprises in Greece.