Release date: 22 September 2006
Promoter – Financial Intermediary
Hamburg Stadtentwässerung (HSE)Location
Description
The project concerns the reconstruction and upgrading of sewer systems.
Objectives
The project aims at the reduction of environmental disturbances for Hamburg’s residents and the urban traffic system by adopting a proactive approach in sewer network reconstruction and rehabilitation in line with HSE’s continuously up-dated 20-year rehabilitation programme. The project contributes to reduce the water table pollution by repairing broken sewers and to lower the probability of traffic disruptions and subsidence of buildings by avoiding the collapse of sewer segments.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 160 million.
Total cost (Approximate amount)
Ca. EUR 400 million.
Environmental aspects
The promoter carries out an appropriate environmental assessment of each sub project, where necessary, identifying and applying mitigation and compensation measures to protect the environment, in line with EU and national legal requirements, notably those on EIA and nature conservation.
Procurement
EU procurement regulations are observed by the promoter.
Status
Signed - 8/12/2006
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).