Release date: 2 June 2015
Promoter – Financial Intermediary
NORTHUMBRIAN WATER GROUP LTDLocation
Description
Improvement of water and wastewater infrastructure in the northeast and southeast of England as part of Northumbrian Water's capital expenditure programme for the regulatory period 2015-20 (AMP6).
Objectives
The project aims to ensure sufficient resilience and availability of water supply for a growing population, upgrades of wastewater treatment as well as prevention of sewer flooding, against a backdrop of climate change and demographic developments.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 250 million
Total cost (Approximate amount)
GBP 918 million
Environmental aspects
The project comprises improvements to water supply and wastewater collection and treatment as part of Northumbrian 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 - 1/10/2015
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).