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Summary sheet

Release date
11 June 2025
Status
Reference
Under appraisal | 10/04/2024
20240075
Project name
Promoter - financial intermediary
PORTUGAL WATER SUPPLY & SANITATION 2
ADP - AGUAS DE PORTUGAL SGPS SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
EUR 1127 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project will fund the 2025-2029 investment programme of the Águas de Portugal Group, focusing on the construction and rehabilitation of supra-municipal bulk and retail water supply systems, as well as wastewater collection and treatment facilities across mainland Portugal.

The aim is to support the promoter in maintaining compliance with key European regulations in the water sector (notably the EU Water Framework Directive (2000/60/EC), Urban Waste Water Treatment Directive (91/271/EEC) and drinking water directive (98/83/EC and 2020/2184). The project will also reinforce the efficiency and resilience of the water supply systems.

Environmental aspects
Procurement

The capacity of the promoter with regards to Environmental and social aspects will be assessed during appraisal. The above-mentioned facilities are likely to fall under Annex II of the EIA Directive 2011/92/EU amended by the Directive 2014/52/EU, SEA Directive (2001/42/EC), Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC). The project is expected to bring substantial public health and environmental benefits from improved access to safe and resilient water services, reduced greenhouse gas emissions from reduced water losses, a more rational use of water resources and protection of local groundwater. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation, pollution prevention and control, sustainable use and protection of water and marine resources.

The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the applicable EU procurement legislation Directives 2014/23/EU, 2014/24/EU or 2014/25/EU, where applicable, as well as Directives 92/13/EEC and 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
Link to source

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).

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.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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