Release date: 13 July 2010
Promoter – Financial Intermediary
Northumbrian Water Group Plc/ Northumbrian Water Limited
Location
Description
The Project involves the co-financing of an investment programme for water and wastewater treatment, to be carried out in North-East and South-East England.
Objectives
The investments have been approved by the regulator Ofwat in 2009 as part of the 2010-2015 Asset Management Programme for the Promoter and are required for the purposes of ensuring compliance with relevant EU water, wastewater and environmental directives and enhancing the efficiency and resilience of the Promoter’s water and waste water network assets.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 150 million.
Total cost (Approximate amount)
Estimated at GBP 350 million.
Environmental aspects
The Promoter complies with the requirements of EU EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, as well as Article 6 of the Habitats Directive 92/43/EEC. The Promoter carries out Environmental Impact Assessment procedures where required by the competent authorities and mitigating measures are applied as appropriate. The quality and environmental regulators independently monitor compliance with effluent discharge permits and drinking water quality standards.
Procurement
The Promoter fully complies with the requirements of Procurement Directive 93/38/EC of June 1993 and its amendment 2004/17/EC as well as 93/37/EEC of 14 June 1993 for public works contracts, 93/36/EEC of 14 June 1993 for public supply contracts, 92/50/EEC of 18 June 1992 for public service contracts and their amendment Directive 2004/18/EC of 31 March 2004.
Status
Signed - 15/06/2011
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).