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    Signature(s)

    Amount
    € 725,927,955.07
    Countries
    Sector(s)
    United Kingdom : € 725,927,955.07
    Water, sewerage : € 725,927,955.07
    Signature date(s)
    26/02/2015 : € 725,927,955.07
    Link to source

    Summary sheet

    Release date
    27 February 2013
    Status
    Reference
    Signed | 26/02/2015
    20110482
    Project name
    Promoter - financial intermediary
    SEVERN TRENT CLIMATE ACTION
    SEVERN TRENT WATER LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 678 million (GBP 600 million)
    EUR 1355 million (GBP 1200 million)
    Description
    Objectives

    Financing of the second phase of the regulated investment programme of Severn Trent Water Ltd, one of the UKs largest water and sewage utilities, including a number of Climate Action-related components, for a total amount of GBP 1.2bn over the period 2013-15.

    The project is supporting Severn Trent climate action programme.

    Environmental aspects
    Procurement

    The Promoter complies with the requirements of EU EIA Directive 2011/92/EU, as well as Article 6 of the Habitats Directive 92/43/EEC. The Promoter carries out Environmental Impact Assessment procedures where required by the competent authorities and mitigating measures are applied as appropriate. The quality and environmental regulators independently monitor compliance with effluent discharge permits and drinking water quality standards.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/17/EC/ or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - SEVERN TRENT CLIMATE ACTION
    Publication Date
    7 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    48636717
    Document Focus
    Environmental Information
    Project Number
    20110482
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - SEVERN TRENT CLIMATE ACTION
    Publication Date
    16 Nov 2017
    Document language
    Main Topic
    Lending
    Document Number
    79725783
    Document Focus
    Environmental Information
    Project Number
    20110482
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    General enquiries and comments

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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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    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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