Barclays has agreed to provide $43 million in financing to Biwater Plc to ensure a reliable year-round supply of drinking water on the BVI’s most populated island and improve wastewater treatment facilities that will aid the marine environment, the London-based bank said today in a statement.
Biwater, formed in 1968, is a Surrey, U.K.-based business involved in clean water and sewage treatment. Biwater received dual-tranche project financing from Barclays backed by a repayment guarantee from the government export credit agency UKEF, the bank said.
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