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    Signature(s)

    Amount
    € 88,000,000
    Countries
    Sector(s)
    Italy : € 88,000,000
    Water, sewerage : € 88,000,000
    Signature date(s)
    11/12/2009 : € 88,000,000

    Summary sheet

    Release date
    12 June 2009
    Status
    Reference
    Signed | 11/12/2009
    20090298
    Project name
    Promoter - financial intermediary
    Acquedotto Veneto Centrale

    Veneto Acque Spa

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 88 million.
    Up to EUR 176 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of 173.5 km potable water supply pipelines and groundwater extraction works in Camazzole – Comune of Carmignano di Brenta – for a capacity of 950 l/s. A 131.6 km pipeline network representing a ring will interconnect Venice with Chioggia, Cavanella, Cavarzere, Padova and Gazzera. This ring will be connected to the Camazzole source through a 33.4 km pipeline and to the Stanga reservoir through a 8.5 km pipeline.

    The purpose of the project is to (i) complement and substitute raw water sources of poor quality, notably that of the Rivers Adige and Po which are vulnerable to pollution, with pre-alpine groundwater of high quality and constant availability; (ii) inter-connect a number of fragmented distribution networks in Veneto Region via a bulk water pipeline so as to strengthen security of supply and to achieve operational efficiencies.

    Environmental aspects
    Procurement

    An Environmental Impact Assessment has been carried out in accordance with Regional legislation (LR10/99) which includes an impact assessment on nature conservation sites. Compliance of the procedure with the EU EIA Directive 97/11/EC, as amended by Directive 2003/35/EC, as well as the Habitats and Birds Directives will be verified during appraisal, including publication of the Non Technical Summary of the EIA. EIB will ascertain through its financial contract that the mitigating measures identified in the EIA are respected.

    The Bank will require from the promoter that contracts for the implementation of the project have been or shall be tendered in accordance with relevant applicable EU procurement laws (Dir 93/38, 2004/17/EEC), with publication of tender notices in the EU Official Journal, as and where appropriate.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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