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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Italy : € 50,000,000
    Water, sewerage : € 50,000,000
    Signature date(s)
    29/07/2020 : € 50,000,000

    Summary sheet

    Release date
    30 March 2020
    Status
    Reference
    Signed | 29/07/2020
    20190669
    Project name
    Promoter - financial intermediary
    LRH WATER INFRA UPGRADE
    LARIO RETI HOLDING SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 113 million
    Location
    Sector(s)
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    The project concerns investments in water and wastewater infrastructure in the Province of Lecco (Lombardy Region) during the period 2019 - 2023.

    The purpose of the planned investments is to: (i) increase the efficiency and reliability of the water systems (ii) enhance the performance of wastewater collection and treatment services to ensure compliance with regional environmental requirements. Some components will also contribute to closing the infringement procedure opened against Italy for failing to comply with the requirements of Urban Wastewater Treatment Directive 91/271/EEC.

    Environmental aspects
    Procurement

    The project is expected to have positive net environmental and social impact, considering the focus on compliance. Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2014/52/EU, amending Directive 2011/92/EU, the Habitats Directive (92/43/EC) and the Birds Directive (79/409/EEC) will be respected and the Bank will publish the full text of the relevant EIAs on its website.

    The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU and Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU (OJEU), as and where required.

    Comments

    n/a

    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) - LRH WATER INFRA UPGRADE
    Publication Date
    27 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    127121216
    Document Focus
    Environmental Information
    Project Number
    20190669
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - SMALL-MEDIUM SIZED UTILITIES PROGRAMME LOAN
    Publication Date
    19 Nov 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    124091968
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190196
    Last update
    19 Nov 2019
    Sector(s)
    Energy, Water, sewerage, Solid waste
    Countries
    Italy
    Publicly available
    Download now

    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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