Release date: 16 April 2003
Promoter – Financial Intermediary
The City of ReykjavikLocation
Description
Extension of wastewater infrastructure in Reykjavik (sewage and storm water collection sewers, sedimentation ponds for storm water, pumping stations and screening plants). It concerns the second phase of a long-term wastewater investment programme in the City of Reykjavik.
Objectives
The purpose of the project is to improve wastewater collection and stormwater protection services for some 150 000 residents living in the Reykjavik area. Its implementation will contribute towards improving the living conditions of the benefiting population.
Comments
Environment and quality of life.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 15 million, equivalent to approximately ISK 1.3bn.
Total cost (Approximate amount)
About EUR 30 million, equivalent to approximately ISK 2.6bn.
Environmental aspects
The Urban Wastewater (91/271) and the EIA Directives (85/337) were endorsed by Iceland in March 1994. The project should be in line with the requirements of the EU directive 91/271 for less sensitive receiving waters, allowing for further process upgrading and plant extensions, if deemed necessary. A monitoring programme was established during implementation of the first phase of this project in order to check the impact of effluent discharges on the marine environment.
Procurement
In accordance with EU procurement directives.
Status
Signed - 27/11/2003
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).