Release date: 10 May 2013
Promoter – Financial Intermediary
The promoter is one of the largest integrated multi-utilities in Italy.Location
Description
The project concerns the water and wastewater investment programme of the promoter throughout the Emilia Romagna region, in the Padua area (Veneto region) and in the Trieste area (Friuli Venezia-Giulia region).
Objectives
The programme will be aimed at (i) upgrading and extension of wastewater treatment plants (ii) extension and rationalisation of sewer networks, and (iii) extraordinary maintenance of water and sewer networks.The proposed project is expected to result in an improvement of the quality of the water bodies receiving the wastewaters (including the Adriatic Sea) and to contribute towards the rationalisation of wastewater and water supply services at the basin levels.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 649 million
Environmental aspects
The project aims primarily at compliance with the EU Urban Waste Water Treatment Directive 91/271/EC as amended by Dir. 98/15/EC and the Water Framework Directive 2000/60/EC. Where any component is subject to the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EC, the Bank will publish the non-technical summary of such EIA on its website. Overall, the project is expected to have a positive environmental impact.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/17/EC/ or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 30/09/2013
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).