The loan granted by Intesa Sanpaolo and BNP Paribas includes a € 270 million tranche fully guaranteed by SACE, and a commercial tranche of € 36 million.

Itare Dam will improve access to drinking water in the surrounding areas. In addition to construction of the dam, the project includes a water treatment plant and pipelines to transport water to surrounding areas (Nakuru Town, Molo, Njoro, Kuresoi and Rongai).

The project is one of the priorities of “Vision 2030”, a strategic agenda developed by the Kenyan Government to direct public investments toward objectives of the highest economic and social importance, such as the creation of adequate infrastructure for transport, energy, and access to drinking water.