The goal of the project is to enhance and improve the collection and treatment of wastewater and perform extraordinary maintenance on treatment plants.
The EIB is the EU climate bank and one of the world's largest lenders to the water sector, with over 1 600 projects and around €79 billion in funding.
The European Investment Bank (EIB) is providing €50 million in financing for the four-year investment programme of Veritas, the fully publicly owned company managing integrated water services in the Venice Lagoon Basin Council area, which covers 29 municipalities in the Venice metropolitan area and seven in the province of Treviso (Veneto, Italy).
“Improving the efficiency of wastewater collection and treatment systems is vital not only to reducing pollution and risks to human health, but also to returning cleaner water to the area,” said EIB Vice-President Gelsomina Vigliotti.“The EIB is one of the world's biggest lenders to the water sector and the operation signed with Veritas once again confirms the EU bank's commitment to helping locally established companies to strengthen key services for local communities.”
“Ever more efficient treatment of wastewater enables people to live in a better environment, particularly in a very delicate and very heavily visited area such as the Venice Lagoon,” said Veritas President Vladimiro Agostini. “It is wastewater treatment that has given the entire Venetian coastline its Blue Flag status (certifying the excellent quality of the sea, water and services offered) for many years.Protecting the local area and water resources is the top priority of those taking care of the environment as we do. The recently granted EIB financing for Veritas is another important step towards protecting the environment and recycling reclaimed water, aiming to save precious water resources, especially when they can be immediately reused.”
The goal of the project is to increase the efficiency of wastewater collection and treatment systems and perform extraordinary maintenance work needed to improve the efficiency of water networks and public wastewater treatment plants, benefiting over 1.5 million people including population equivalents (workers, tourists, commuters and students). In addition, investments in rainwater management infrastructure and urban drainage systems are planned to limit overloading of the sewerage network in the event of heavy rain and to improve the resilience of infrastructure to extreme weather events.
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It provides long-term financing for sound investments that contribute to EU policy. The Bank finances projects in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs). Between 2019 and 2021, the EIB Group provided more than €36 billion in financing for projects in Italy.
Veritas is a fully publicly owned limited company providing environmental services to 51 member municipalities (Venice metropolitan area and part of the province of Treviso) over 2 650 km2 with 930 000 residents and a further 50 million tourist visitors. One of Italy's top ten essential public service companies, Veritas manages the integrated waste cycle, integrated water services, other collective urban services and renewable energy generation.
Collé Rental & Sales has signed a €50 million loan agreement with the European Investment Bank (EIB). The Sittard-based company will use the financing for the further electrification of its rental fleet of specialised machinery for the construction sector and industry. The EIB investment will be guaranteed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
A delegation from the European Investment Bank (EIB), the Bank of the European Union, and its recently established development branch, EIB Global, met the Government of Montenegro in Podgorica today. Their goal was to identify new projects and continue their successful cooperation on accelerating the country’s social and economic development, as well as its accession to the European Union.
The European Investment Bank (EIB) has granted €75 million in financing to ALFA Srl — the public company that manages integrated water services in the province of Varese — to enhance the quality of integrated water services, reduce water losses and improve energy efficiency for the benefit of local residents.