Standard Chartered said on Monday that it had arranged $1.1-billion of financing to the Angolan government for a water supply project that will serve its capital Luanda.
The funding is made up of two loans - a $910-million facility supported by a partial World Bank guarantee, and $165-million backed by France's export credit agency.
The project aims to improve access to drinking water for the capital's over two-million residents.
The financing will be used for investments in water production, transmission and distribution facilities, including a water treatment plant, storage facilities and new networks, Standard Chartered said in a statement.