Release date: 27 February 2013
Promoter – Financial Intermediary
SEVERN TRENT WATER LTDLocation
Description
Financing of the second phase of the regulated investment programme of Severn Trent Water Ltd, one of the UKs largest water and sewage utilities, including a number of Climate Action-related components, for a total amount of GBP 1.2bn over the period 2013-15.
Objectives
The project is supporting Severn Trent climate action programme.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 678 million (GBP 600 million)
Total cost (Approximate amount)
EUR 1355 million (GBP 1200 million)
Environmental aspects
The Promoter complies with the requirements of EU EIA Directive 2011/92/EU, 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 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 - 26/02/2015
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).