Release date: 1 March 2005
Promoter – Financial Intermediary
South West Water LimitedLocation
Description
The project comprises the first phase of South West Water’s capital programme for the 2005-2010 period, which is approved and monitored by the industry regulator OFWAT. The project consists of a large number of water supply and wastewater schemes located throughout South West Water’s operating area.
Objectives
The proposed programme aims at supporting sustainable environmental and customer service standards set by EU and national legislation as well as regional development. The project will therefore contribute to improving the quality of life of the population in the South West of England.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 70 million.
Total cost (Approximate amount)
Estimated to be about GBP 400 million.
Environmental aspects
The schemes included in the project fall under Annex II of Directive 97/11/EC. Environmental Impact Assessment (EIA) procedures are carried out where required by the competent authorities and mitigating measures are applied as appropriate.
Procurement
The project falls under the EU Procurement Directive 98/4/EC amending 93/38/EEC coordinating the procurement procedures of entities operating in the water, energy, transport and telecommunications sectors. The borrower has confirmed that it complies fully with its requirements in reference to the Procurement Directive and its amendment.
Status
Signed - 23/05/2005
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).