Signature(s)
Summary sheet
Intermediary banks to be determined
The operation consists of a framework loan for financing public environmental projects, particularly in the water and sanitation sector.
The project will specifically focus on:
- upgrading sewage treatment plants, a prerequisite for safeguarding water as laid down by the national water law;
- renewing and extending water and sanitation networks;
- protecting water catchment areas;
- saving water by reducing leaks;
- developing alternative resources.
Compliance with EU directives and national regulations on environmental protection is required. In view of the type, size and nature of the sub-projects (e.g. sewage treatment plants), some environmental impact assessments will be required.
The Bank and the financial intermediary will require the final beneficiaries to ensure that the contracts concerning the implementation of projects comply with EU directives and national regulations on procurement and that the calls for tender are published in the Official Journal of the European Union, where applicable.