Sustainable Bond Framework

Green Project Case Study: Water Management & Infrastructure Water-related infrastructure in Nicosia, Larnaca and Paphos Aim: To increase the uninterrupted provision of water (and thus strengthen water security) to the regions of Nicosia, Larnaca and Paphos. Description: This project is related to EU Council Specific Recommendations 2019/CSR 4 & 2020/CSR 3 and to the Ministry of Agriculture National strategic Plan under the strategic objective: "Sustainably meeting water needs." Some of the old water pipes in these regions are exposed to asbestos and are made of cement. This infrastructure project will contribute to the installation of new pipes, which will also reduce leaks. Potential Uses of Proceeds: ✓ Installation of new water pipes to promote water security Beneficiaries: ✓ Communities in the Nicosia, Larnaca and Paphos regions with reduced water security Achievements/Timeline: Improved health parameters for population/ Reduced water waste Reduced energy costs. All projects will be completed by 2030. Eligible expenses are €13.5mln ICMA Green Bond Principles Category: Sustainable Water and Wastewater Management Indicative Impact metrics ✓ Energy consumption per m3 GOOD HEALTH AND WELL-BEING W CLEAN WATER AND SANITATION Volume of water treated (litres) / transferred through pipes Number of beneficiaries Kilometres of pipe installed % leak reduction 42

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