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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Belgium : € 200,000,000
Water, sewerage : € 200,000,000
Signature date(s)
11/12/2009 : € 200,000,000
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Summary sheet

Release date
27 July 2009
Status
Reference
Signed | 11/12/2009
20090362
Project name
Promoter - financial intermediary
Aquafin waste water treatment VII
Aquafin NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approx. EUR 200 million.
Approx. EUR 440.20 million.
Location
Sector(s)
Description
Objectives

The project comprises schemes for the construction of collector sewers, storm overflows and small and medium size wastewater treatment plants, plus some upgrading of existing waste water treatment plants for tertiary treatment in the Flemish Region.

N/A

Environmental aspects
Procurement

The investment programme will improve aquatic environmental conditions throughout the Flemish Region. The entire Flemish Region has been declared as sensitive and therefore tertiary treatment will be provided at all medium and large WWTPs. Although Belgium as a whole is lagging in compliance with EC Directives, Flanders has made good progress to fully meet the requirements of the Urban Waste Water Treatment Directive 91/271/EC.

EIA Directive 97/11/EC has been transposed into Flemish Law as Decreet VI. Reg18/12/02, Besl. VI. Reg. 10/12/04. Aquafin has a good environmental awareness and has developed operating procedures to optimise the performance and cost-effectiveness of its systems. Aquafin has full ISO14001 accreditation for its EIA procedures and fully complies with Natura 2000, European Bird and Habitat Directives. Some projects, i.e. all the WWTPs will fall either under Annex 1 or Annex 2 of the EIA directive. Aquafin will be requested to provide timely information available to the Bank about its compliance with producing either the EIA or the respective EIS.

The program falls under the Procurement Directive 2004/18/EC. Although the promoter formally operates as a private company, tender procedures are required to comply with the EC public procurement Directives, which have been institutionalised. This is acceptable to the Bank.

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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).

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.

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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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