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Signature(s)

Amount
€ 126,534,227.5
Countries
Sector(s)
United Kingdom : € 126,534,227.5
Water, sewerage : € 126,534,227.5
Signature date(s)
23/10/2008 : € 126,534,227.5
Link to source

Summary sheet

Release date
25 October 2007
Status
Reference
Signed | 23/10/2008
20070399
Project name
Promoter - financial intermediary
Welsh Water and Wastewater II
Glas Cymru Cyfyngedig (Welsh Water)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 100 million.
Estimated to be about GBP 566 million.
Description
Objectives

The project comprises Welsh Water’s capital programme for the 2005-10 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 Welsh Water’s operating area.

The proposed programme aims to support sustainable environmental and customer service standards set by EU and national legislation.

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 will be compliant with Article 6 of the Habitats Directive 92/43/EEC.

The project falls under the EU Procurement Directive 2004/17/EC and 2004/18/EC. The borrower has confirmed that it complies fully with the requirements of 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).

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Alternatively, the EIB can be contacted through its external offices.
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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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