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    Signature(s)

    Amount
    € 17,500,000
    Countries
    Sector(s)
    Russian Federation : € 17,500,000
    Water, sewerage : € 17,500,000
    Signature date(s)
    4/06/2009 : € 17,500,000
    Link to source

    Summary sheet

    Release date
    13 June 2008
    Status
    Reference
    Signed | 04/06/2009
    20040562
    Project name
    Promoter - financial intermediary
    St Petersburg Vodokanal III
    Vodokanal of St Petersburg
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 17.5 million.
    Approximately EUR 560 million.
    Description
    Objectives

    The project concerns an investment programme encompassing: (i) completion of the Northern Tunnel Collector (NTC); (ii) pumping station and buildings; (iii) connection of current direct discharges of untreated wastewater; (iv) reconstruction of Central and Northern wastewater treatment plants.
    It is a project within the framework of the Northern Dimension Environmental Partnership (NDEP).

    The project objective is to eliminate discharges of untreated wastewater into the river Neva and enhance wastewater treatment.

    Environmental aspects
    Procurement

    Through the proposed investment programme, the load of nitrogen and phosphorous to the Gulf of Finland / Baltic Sea is expected to be reduced considerably. The implementation of the proposed programme will promote the fulfilment of the commitments made under the HELCOM convention. As a result the City of St Petersburg will comply with the EU recommendations of 94% efficiency in wastewater treatment.

    Goods, works and services financed under the Bank's loan will be procured by open tendering procedures.

    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.
    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.

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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 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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