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Signature(s)

Amount
€ 86,555,106.75
Countries
Sector(s)
United Kingdom : € 86,555,106.75
Water, sewerage : € 86,555,106.75
Signature date(s)
30/07/2003 : € 86,555,106.75
Link to source
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Summary sheet

Summary sheet

Release date
27 November 2002
Status
Reference
Signed | 30/07/2003
20020549
Project name
Promoter - financial intermediary
South West Water X

Pennon Group Plc
Peninsula House
Rydon Lane
Exeter EX2 7HR
UK
Contact Point: A.R. Hooper

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 60m
Estimated to be about GBP 180m.
Description
Objectives

The proposed project focuses on the non-environmental schemes in SWW's capital expenditure programme for the 2000-2005 period, which is approved and monitored by the industry regulator, OFWAT. It comprises numerous water supply and sewerage treatment schemes located throughout the Promoter's operating area in the designated regional development areas of Cornwall and Devon.

The proposed programme aims at supporting sustainable regional development, notably in balancing supply & demand and enhanced customer service standards for water supply and sewerage treatment in South West England.

Environmental aspects
Procurement

The schemes included in the project fall under Annex II of 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 programme falls under the Procurement Directive 93/38/EC and its amendment 98/4/EC. The promoter has confirmed that it complies fully with its requirements' in reference to the Procurement Directive and its amendment.

Comments

Regional Development

Link to source
Summary sheet
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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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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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