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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Italy : € 100,000,000
    Water, sewerage : € 100,000,000
    Signature date(s)
    3/12/2020 : € 50,000,000
    4/03/2021 : € 50,000,000

    Summary sheet

    Release date
    15 September 2020
    Status
    Reference
    Signed | 03/12/2020
    20200256
    Project name
    Promoter - financial intermediary
    SMAT WATER NETWORK INVESTMENTS
    SOCIETA METROPOLITANA ACQUE TORINO SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 200 million
    Location
    Sector(s)
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    Investments in water and wastewater infrastructure over the 2020-2024 period in the city of Torino and neighbouring areas.

    The project will improve the quality of life of the inhabitants in the city of Torino and surrounding municipalities by allowing the Promoter to upgrade and extend the water and wastewater infrastructure. Furthermore, by increasing the resilience of the water system to climate impacts, the project will contribute to supporting EU climate action.

    Environmental aspects
    Procurement

    The investment is geared toward upgrading water and wastewater infrastructure (water and wastewater treatment plants, networks, pumping stations) bringing about positive environmental impacts. Compliance with the EU Water Framework Directive (2000/60/EC), Urban Waste Water Treatment Directive (91/271/EEC), and EU and national environmental legislation (notably under EIA Directive 2014/52/EU amending the Directive 2011/92/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC) will be verified during appraisal.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been or will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU where applicable and/or 2014/24/EU where applicable and/or 2014/25/EU where applicable, as well as Directive 92/13/EEC and Directive 89/665/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 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) - SMAT WATER NETWORK INVESTMENTS
    Publication Date
    14 Nov 2020
    Document language
    Main Topic
    Lending
    Document Number
    133551902
    Document Focus
    Environmental Information
    Project Number
    20200256
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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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    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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