Release date: 21 August 2009
Promoter – Financial Intermediary
Intermediary banks to be determined
Location
Description
The operation consists of a framework loan for financing public environmental projects, particularly in the water and sanitation sector.
Objectives
The project will specifically focus on:
- upgrading sewage treatment plants, a prerequisite for safeguarding water as laid down by the national water law;
- renewing and extending water and sanitation networks;
- protecting water catchment areas;
- saving water by reducing leaks;
- developing alternative resources.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 600 million.
Total cost (Approximate amount)
Up to EUR 1 billion.
Environmental aspects
Compliance with EU directives and national regulations on environmental protection is required. In view of the type, size and nature of the sub-projects (e.g. sewage treatment plants), some environmental impact assessments will be required.
Procurement
The Bank and the financial intermediary will require the final beneficiaries to ensure that the contracts concerning the implementation of projects comply with EU directives and national regulations on procurement and that the calls for tender are published in the Official Journal of the European Union, where applicable.
Status
Signed - 14/07/2011
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).