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    Reference: 20120018
    Release date: 10 June 2015

    Promoter – Financial Intermediary

    URBASER SA

    Location

    Description

    The project concerns the financing of research, development and innovation in greenhouse-gas-reducing technologies for waste treatment, as well as investments in collection equipment.

    Objectives

    The project aims to improve the operation and functioning of waste treatment, by developing and optimizing waste-treatment processing technology, in order to achieve greater efficiency and recovery of as many by-products as possible. The procurement of more efficient, quieter and less polluting waste collection vehicles will also increase productivity and reduce greenhouse gas emissions.

    Sector(s)

    • Solid waste - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 186 million

    Environmental aspects

    The research, development and innovation (RDI) activities will be performed within existing facilities. It is unlikely that the project will fall under Annex I or II of Directive 2011/92/EC. Nevertheless, the environmental objectives of the RDI programme and, if needed, the CO2 footprint, as well as the possible impact on protected flora and fauna (Habitats 92/43/EEC and Birds 2009/147/EC Directives) will be assessed during the appraisal.

    Procurement

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 7/06/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Solid waste