Release date: 10 September 2014
Promoter – Financial Intermediary
THAMES WATER UTILITIES LTDLocation
Description
The construction and operation of a 25km-long, up to 7.2m-diameter tunnel following the route of the River Thames under the centre of London to capture discharges of sewage that presently overflow directly into the river.
Objectives
The aim of the Project is to comply with the EU Urban Wastewater Treatment Directive and to improve the quality of the tidal section of the Thames.
Comments
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
GBP 700 million (EUR 893 million)
Total cost (Approximate amount)
GBP 4578 million (EUR 5837 million)
Environmental aspects
The Project is driven by the need to comply with the Urban Wastewater Treatment Directive (91/271/EEC) and ecological objectives for the tidal section of the Thames set by the UK Environment Agency. 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.
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 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 12/05/2016
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).