Release date: 22 July 2008
Promoter – Financial Intermediary
Severn Trent Water Ltd.
Location
Description
The project comprises Severn Trent 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 Severn Trent Water’s operating area.
Objectives
The proposed programme aims to support sustainable environmental and customer service standards set by EU and national legislation in the Midlands of England and mid-Wales.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 150 million.
Total cost (Approximate amount)
Estimated to be about GBP 800 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. The project will be compliant with Article 6 of the Habitats Directive 92/43/EEC.
Procurement
The project falls under the EU Procurement Directive 2004/17/EC and 2004/18/EC. The borrower has confirmed that it complies fully with its requirements in reference to the Procurement Directive and its amendment.
Status
Signed - 22/04/2009
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).