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Signature(s)

Amount
€ 23,000,000
Countries
Sector(s)
Iceland : € 23,000,000
Water, sewerage : € 23,000,000
Signature date(s)
27/11/2003 : € 23,000,000
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Summary sheet

Release date
16 April 2003
Status
Reference
Signed | 27/11/2003
20020392
Project name
Promoter - financial intermediary
Reykjavik Main Drainage II
The City of Reykjavik
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately EUR 15 million, equivalent to approximately ISK 1.3bn.
About EUR 30 million, equivalent to approximately ISK 2.6bn.
Location
Sector(s)
Description
Objectives

Extension of wastewater infrastructure in Reykjavik (sewage and storm water collection sewers, sedimentation ponds for storm water, pumping stations and screening plants). It concerns the second phase of a long-term wastewater investment programme in the City of Reykjavik.

The purpose of the project is to improve wastewater collection and stormwater protection services for some 150 000 residents living in the Reykjavik area. Its implementation will contribute towards improving the living conditions of the benefiting population.

Environmental aspects
Procurement

The Urban Wastewater (91/271) and the EIA Directives (85/337) were endorsed by Iceland in March 1994. The project should be in line with the requirements of the EU directive 91/271 for less sensitive receiving waters, allowing for further process upgrading and plant extensions, if deemed necessary. A monitoring programme was established during implementation of the first phase of this project in order to check the impact of effluent discharges on the marine environment.

In accordance with EU procurement directives.

Comments

Environment and quality of life.

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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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