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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Germany : € 100,000,000
Water, sewerage : € 100,000,000
Signature date(s)
25/11/2021 : € 100,000,000

Summary sheet

Release date
7 July 2021
Status
Reference
Signed | 25/11/2021
20190900
Project name
Promoter - financial intermediary
BADEN-WUERTTEMBERG WATER SECURITY CLIMATE ACTION
ZWECKVERBAND BODENSEE-WASSERVERSORGUNG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 260 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project consists of the multi-annual investment programme of the regional water board Bodensee Wasserversorgung. The investments include water security and climate adaptation measures in order to ensure the security of water supply of more than 300 municipalities in the German federal state of Baden-Württemberg.

The project targets resilience to climate change and increase of water supply security for four million inhabitants, as well as upgrading and modernisation of assets.

Additionality and Impact

This Project is in line with the EU and EIB policy objectives of environmental protection and climate action, and will generate environmental and health benefits and externalities. These benefits would not be realised to the same extent without public intervention.


This will be the borrower's first recent long-term promotional bank loan. It will increase the affordability of the borrower's substantial investment programme into water security and climate action by helping it to optimise its funding base and maturity profile. The Bank's financing will also offer further important benefits such as a long loan maturity and flexibility with respect to availability period, interest rate arrangements and drawdowns, which will enable an optimal alignment with the implementation modalities of the Project.

Environmental aspects
Procurement

The project aims at maintaining compliance with the EU Drinking Water Directive 98/83/EC and the Water Framework Directive 2000/60/EC. Some of the construction schemes included in the project might fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Environmental impact assessment procedures are carried out where required by the competent authorities and mitigating measures are applied as appropriate. Where appropriate, the requirements of the Habitats and Birds Directives (92/43/EEC and 2009/147/EC) are applied. The Bank's appraisal will focus on the Promoter's environmental management capacity to properly apply these EU Directives.

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, as well as 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, as and where required.

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) - BADEN-WUERTTEMBERG WATER SECURITY CLIMATE ACTION
Publication Date
15 Oct 2021
Document language
Main Topic
Lending
Document Number
138888497
Document Focus
Environmental Information
Project Number
20190900
Sector(s)
Regions
Countries
Publicly available
Download now

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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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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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