Release date: 19 October 2001
Promoter – Financial Intermediary
LIPOR, Serviço Intermunicipalizado de Gestão de Resíduos do Grande Porto.Location
Description
Construction and operation of a new waste composting unit, construction of two landfills, environmental re-qualification of four existing landfills, including ancillary landfill-gas recovery projects in two of them, and the expansion and maintenance of municipal waste separated collection and pre-treatment facilities; information to the populations.
Objectives
The project will contribute to the expansion and modernisation of solid waste collection and treatment systems in one of the most densely populated areas in Portugal.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Total cost (Approximate amount)
Estimated at around EUR 100 million
Environmental aspects
The upgrade in the promoter's waste treatment and collection facilities will have a positive environmental impact. Specifically, the recovery of landfill-gas for electricity production will replace fossil fuels and contribute to reducing emissions of greenhouse gases.
Procurement
Award of works, equipment supply and services contracts will follow market practice under open competition in compliance with national and EU legislation.
Status
Signed - 11/12/2002
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).