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Signature(s)

Amount
€ 146,595,323.6
Countries
Sector(s)
United Kingdom : € 146,595,323.6
Water, sewerage : € 146,595,323.6
Signature date(s)
5/12/2005 : € 146,595,323.6
Link to source

Summary sheet

Release date
9 June 2005
Status
Reference
Signed | 05/12/2005
20050264
Project name
Promoter - financial intermediary
Welsh Water and Wastewater Project
Glas Cymru Cyfyngedig.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 100 million.
Estimated to be some GBP 516 million.
Description
Objectives

The project comprises the first phase of Welsh Water’s capital programme for the 2005-2010 period, which is approved and monitored by the industry regulator OFWAT. The project consists of a large number of water supply and wastewater schemes located throughout Wales.

The proposed programme aims at supporting sustainable environmental and customer service standards set by EU and national legislation as well as regional development. The project will therefore contribute to improving the quality of life of the population in the Wales.

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 project falls under the EU Procurement Directive (Dir 2004/18 or 2004/17/EEC) coordinating the procurement procedures of entities operating in the water, energy, transport and telecommunications sectors. The borrower has confirmed that it complies fully with its requirements in reference to the Procurement Directive and its amendment.

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).

General enquiries and comments

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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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