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Summary sheet

Release date
18 October 2024
Status
Reference
Under appraisal | 01/07/2024
20240385
Project name
Promoter - financial intermediary
RIGA WATER AND SANITATION II
RIGAS UDENS SIA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
EUR 170 million
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The operation will co-finance part of the 2025-2028 investment programme of Rigas Udens, the water company for Riga and surrounding communities in Latvia. The related investments mainly include the extension and rehabilitation of water supply and wastewater collection and treatment infrastructure.

The aim is to enhance the quality and security of water supply and wastewater collection and treatment.

Environmental aspects
Procurement

The project will contribute to ensure compliance with key EU directives in the water sector, notably the Drinking Water Directive (2020/2184/EU), the Urban Waste Water Treatment Directive (91/271/EEC), and the Water Framework Directive (2000/60/EC). Where applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2014/52/EU, which amends the EIA Directive (2011/92/EU), and SEA Directive (2001/42/EC) will be adhered to. In such cases, before utilising any EIB funds, the Promoter shall submit the EIA to EIB for publication on EIB's website. For any part of the project that may impact a nature conservation site, the Promoter shall provide EIB with information on the mitigating measures necessary to comply with the Habitats Directive (92/43/EEC) and the Birds Directive (2009/147/EC).

The Borrower shall ensure that all contracts related to project's implementation have been and will continue to be tendered in accordance with applicable EU procurement legislation, specifically Directive 2014/25/EU and Directive 92/13/EEC, as interpreted by the Court of Justice of the EU. Also, tender notices must be published in the Official Journal of the EU whenever 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).

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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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