Release date: 19 December 2002
Promoter – Financial Intermediary
Slovak Guarantee and Development Bank (SGDB)Location
Description
The project concerns the design, supervision and construction of priority investment schemes in water supply and wastewater collection and treatment throughout Slovakia to meet requirements of EU Directives and to be co-financed with ISPA. Schemes are prepared by final beneficiaries, municipalities and/or their utility companies and/or water companies, and are selected according to predefined eligibility criteria. The operation will be structured as a framework loan and intermediated through the Slovak Guarantee and Development Bank (SGDB), a publicly owned development bank.
Objectives
The project's objectives are twofold: (i) increased customer service standards and public health, as a result of improved water supply reliability, drinking water quality, and sewerage connections; and (ii) pollution reduction through cleaner water effluents flowing into the Danube and other watersheds.
Sector(s)
Proposed EIB finance (Approximate amount)
Estimated at EUR 30 million.
Total cost (Approximate amount)
About EUR 120 million
Environmental aspects
By their nature, the schemes are generally environmentally beneficial. Benefits include reduction of pollution by the construction of new or upgraded wastewater treatment plants, reduction of sewer flooding by increasing conveyance capacity, and provision of first time sewerage. Water supply investments are to improve quality and reliability for public health reasons.Improvements of water supply and sewage collection, treatment and disposal represent essential steps towards ultimate compliance with the relevant EU legislation. Approval procedures require preparation of an environmental assessment of the project and a full EIA where required by EU Directives. None of the schemes currently in the project pipeline is expected to require a full EIA in accordance with Directive 97/11/EC.
Procurement
The works contracts will be procured in-line with EU Procurement Directives.
Status
Signed - 18/11/2002
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).