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Summary sheet

Release date
31 July 2025
Status
Reference
Approved | 05/09/2025
20240825
Project name
Promoter - financial intermediary
MM WATER INFRASTRUCTURE UPGRADE II
MM SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 277 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project will support the promoter's 2025-2029 investment plan, focusing on water and energy efficiency, the circular economy, and flood resilience. MM (Metropolitana Milanese) is a public company responsible for managing Milan's water and wastewater services, including the distribution of drinking water and sewage management.

The aim is to keep supporting the promoter in its investments to provide integrated water services in Milan's metropolitan area.

Environmental aspects
Procurement

Large parts of the underlying investment programme consist of the upgrade and expansion of networks and other facilities in urban areas, with the main environmental impacts being those during construction (noise, dust, traffic etc) and not normally requiring a full environmental and impact assessment (EIA). Any component subject to an EIA will be assessed in accordance with the EIA Directive 2011/92/EU (amended by EIA Directive 2014/52/EU). The promoter is required to comply with all relevant national and European legislation. Overall, the project is expected to bring substantial environmental quality improvements, notably in terms of higher ecological quality of surface and groundwater resources, as well as a more rational use of water resources and reinforcement of adaptation to extreme weather events, thereby increasing the resilience to potential effects of climate change.

The Promoter shall ensure that contracts for the implementation of the Project will be tendered in accordance with the applicable EU procurement legislation Directives 2014/23/EU, 2014/24/EU or 2014/25/EU, where applicable, as well as Directives 92/13/EEC and 89/665/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.

Milestone
Approved
5 September 2025
Related projects
Link to source

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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