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    Signature(s)

    Amount
    € 887,333,941.79
    Countries
    Sector(s)
    United Kingdom : € 887,333,941.79
    Water, sewerage : € 887,333,941.79
    Signature date(s)
    12/05/2016 : € 887,333,941.79

    Summary sheet

    Release date
    10 September 2014
    Status
    Reference
    Signed | 12/05/2016
    20120306
    Project name
    Promoter - financial intermediary
    THAMES TIDEWAY TUNNEL
    THAMES WATER UTILITIES LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 700 million (EUR 893 million)
    GBP 4578 million (EUR 5837 million)
    Location
    Sector(s)
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    The construction and operation of a 25km-long, up to 7.2m-diameter tunnel following the route of the River Thames under the centre of London to capture discharges of sewage that presently overflow directly into the river.

    The aim of the Project is to comply with the EU Urban Wastewater Treatment Directive and to improve the quality of the tidal section of the Thames.

    Environmental aspects
    Procurement

    The Project is driven by the need to comply with the Urban Wastewater Treatment Directive (91/271/EEC) and ecological objectives for the tidal section of the Thames set by the UK Environment Agency. 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 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 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.

    Comments

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - THAMES TIDEWAY TUNNEL
    Publication Date
    19 Sep 2014
    Document language
    Main Topic
    Lending
    Document Number
    54634604
    Document Focus
    Environmental Information
    Project Number
    20120306
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - THAMES TIDEWAY TUNNEL
    Publication Date
    19 Sep 2014
    Document language
    Main Topic
    Lending
    Document Number
    54642182
    Document Focus
    Environmental Information
    Project Number
    20120306
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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