- The operation contributes to the EIB’s climate action and environmental sustainability objectives by promoting more efficient management of water, a natural resource of vital importance to Spain.
The European Investment Bank (EIB) has granted Canal de Isabel II, the Community of Madrid’s public sector entity responsible for managing the region’s integrated water cycle, a €430 million loan for investment in projects aiming to modernise and expand water supply and wastewater treatment infrastructure in Madrid.
The loan will unlock investment directly benefiting residents, helping to improve the water supply in the region and make management more efficient and climate resilient.
Water supply and management improvements
The projects set to receive financing are expected to improve the coverage, quality and resilience of integrated water services in the Madrid region. Other planned projects aim to improve drinking water production, strengthen networks and pipes to cut water losses, digitalise infrastructure management, increase energy efficiency and invest in the wastewater reuse network. All of the investments will be made within the Community of Madrid.
In 2024, the EIB Group made record investments in water management infrastructure in Spain, providing up to ten times more than the average it has invested in previous years.
This operation will make a significant contribution to the EIB’s climate action strategic priority, consolidating its position as the EU Climate Bank.
