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    Signature(s)

    Amount
    € 147,688,672.28
    Countries
    Sector(s)
    United Kingdom : € 147,688,672.28
    Water, sewerage : € 147,688,672.28
    Signature date(s)
    30/06/2005 : € 147,688,672.28

    Summary sheet

    Release date
    25 April 2005
    Status
    Reference
    Signed | 30/06/2005
    20050013
    Project name
    Promoter - financial intermediary
    Wessex Water and Wastewater Project
    Wessex Water Services Limited.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 100 million.
    Estimated to be some GBP 390 million.
    Description
    Objectives

    The project comprises the first phase of Wessex Water Services capital programme for the 2005-2010 period, which is approved and monitored by the industry regulator OFWAT. The project consists of a large number of water supply and wastewater schemes located throughout Wessex Water Services operating area.

    The proposed programme aims at supporting sustainable environmental and customer service standards set by EU and national legislation as well as regional development. The project will therefore contribute to improving the quality of life of the population in the South West of England.

    Environmental aspects
    Procurement

    The schemes included in the project fall under Annex II of EU Directive 97/11/EC. Environmental Impact Assessment (EIA) procedures are carried out where required by the competent authorities and mitigating measures are applied as appropriate.

    The project falls under the EU Procurement Directive 98/4/EC amending 93/38/EEC coordinating the procurement procedures of entities operating in the water, energy, transport and telecommunications sectors. The borrower has confirmed that it complies fully with its requirements in reference to the Procurement Directive and its amendment.

    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).

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    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.
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    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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