Release date: 25 July 2016
Promoter – Financial Intermediary
AQUAFIN NVLocation
Description
The project comprises schemes for the construction of collector sewers, storm overflows and small and medium-sized wastewater treatment plants, plus some upgrading of existing wastewater treatment plants for tertiary treatment in the Flemish region. Implementation of the sub-projects is planned for 2017-2020.
Objectives
The project will improve and expand the existing infrastructure for wastewater collection and treatment. The works included in the project aim at cost-efficient solutions to comply with the mandatory environmental requirements.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 454 million
Environmental aspects
The Flemish region has been meeting the requirements of the Urban Wastewater Directive since 2012. The operation will support the region to keep this compliance as well as to improve the quality of wastewater services provided. Aquafin has a good environmental awareness and has developed operating procedures to optimise the performance and cost-effectiveness of its systems. So far, it has demonstrated in the previous operations with the Bank that it fully complies with the Environmental Impact Assessment, Birds and Habitats Directives.
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 (Dir 2004/18/EC and Dir 2007/66/EC) with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 13/02/2017
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).