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Signature(s)

Amount
€ 270,000,000
Countries
Sector(s)
Italy : € 270,000,000
Water, sewerage : € 270,000,000
Signature date(s)
22/09/2023 : € 270,000,000
Link to source

Summary sheet

Release date
12 July 2023
Status
Reference
Signed | 22/09/2023
20230223
Project name
Promoter - financial intermediary
AQP WATER SECTOR GREEN LOAN
ACQUEDOTTO PUGLIESE SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 270 million
EUR 570 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project will finance the upgrade of water and wastewater infrastructure planned by Aquedotto Pugliese (AQP) for the 2023-2027 period.

The aim is to continue support the promoter's investments (e.g. water and wastewater treatment plants, networks and pumping stations) in the southern Italian region of Puglia.

Additionality and Impact

The project will support investments in water and wastewater infrastructure in the Puglia Region in Italy which is a less developed region. The Project will improve the coverage and quality of integrated water services, and bring operational efficiency improvements as well as increased resilience towards droughts. In doing so, it will ensure compliance with key European regulations in the water sector, and improve the quality and resilience of water and wastewater water services. The project will contribute to the Bank's policy objectives of Sustainable Energy and Natural Resources as well as Climate Action and Environmental Sustainability. The project will address a number of market failures, including those associated with public goods, unaccounted for externalities and information failures, generating positive health, environmental benefits and water security (including resilience against climate change), which would not be realised to the same extent without public intervention.


The EIB support is expected to bring a tangible value added by lowering the project's cost of funding and offering a tenor longer than the one normally proposed by other financers. Considering the magnitude of the project's funding needs, it is expected that the EIB support will contribute to accelerate its implementation.

Environmental aspects
Procurement

The upgrade of water and wastewater infrastructure brings 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 the environmental impact assessment (EIA) Directive 2011/92/EU (amended by the Directive 2014/52/EU), Birds Directive (2009/147/EC) and Habitats Directive (92/43/EEC) will be verified during appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation and sustainable use, as well as water and marine resources protection. This project also brings substantial health advantages and environmental quality improvements to the affected population, thereby increasing the quality of life in the project area. Social negative impacts are only temporary (e.g. occupation of public and private space, safety hazards during construction, traffic, noise) and will be addressed as part of the planning for the implementation of each scheme. The promoter has demonstrated sound practices concerning to environmental, health and safety management. As per social matters, the promoter will also be requested to comply with the relevant applicable legislation.

The promoter has 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, Directives 2014/23/EU and/or 2014/24/EU 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 EU Official Journal, as and where required.

Milestone
Under appraisal
Approved
Signed
5 September 2023
22 September 2023
Link to source
Other links

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) - AQP WATER SECTOR GREEN LOAN
Publication Date
16 Sep 2023
Document language
Main Topic
Lending
Document Number
171962441
Document Focus
Environmental Information
Project Number
20230223
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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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.
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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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