Release date: 8 April 2015
Promoter – Financial Intermediary
SOUTHERN WATER SERVICES LTDLocation
Description
Southern Water provides water and sewerage services to a population of approximately 2.4 million (water) and 4.5 million (sewerage), respectively, in the south-east of England, including the counties of Kent, East Sussex and West Sussex, Hampshire and the Isle of Wight. The programme comprises improvements to water supply and wastewater collection and treatment as part of the first half of Southern Water's regulatory investment programme AMP6 (Asset Management Plan 6). The programme was approved by the economic regulator OFWAT in 2014. The programme includes measures to increase the resilience and performance of drinking-water treatment and water-supply assets in general as well as improvements to wastewater treatment in order to achieve compliance with the EU Wastewater Treatment Directive and stricter EU standards for bathing water.
Objectives
Environmental Protection (100%)
Climate Action (20%)
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 100 million
Total cost (Approximate amount)
GBP 230 million
Environmental aspects
The programme comprises improvements to water supply and wastewater collection and treatment as part of the first half of Southern Water’s regulatory investment programme AMP6 to allow continued compliance with the Water Framework Directive (2000/60/EC) and the Urban Waste Water Treatment Directive (91/271/EEC). Compliance with EU and national environmental legislation and procedures will be verified during appraisal.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 16/07/2015
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).