The UK government has secured £226m to build new drainage and water treatment systems for the Iraqi city of Hillah south of Baghdad.
Under the deal arranged by the government’s export credit agency, UK Export Finance (UKEF), Standard Chartered Bank offers a guarantee for £113m and the UK Treasury will make a direct loan of £113m.
UKEF said the deal was “transformational” for a district that cannot currently treat its wastewater.
With a pipe network of some 350km, the systems will process up to 20 million cu m of water a year, bringing clean water to some 25,000 households and improved sanitation to many more.
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