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    Reference: 20130451
    Release date: 2 April 2014

    Promoter – Financial Intermediary

    Italian utilities

    Location

    Description

    A programme loan for funding capital expenditure investments in water, waste, district heating, electricity and gas networks and public lighting by local utilities.

    Objectives

    The water and wastewater components contribute towards ensuring security of supply, resource efficiency and improving the quality of the water bodies receiving the treated wastewaters. The solid waste components are expected to contribute to meeting the respective targets for diversion of waste from landfills and enable recovery of recyclable materials and possibly also energy from residual waste. The upgrading and the expansion of gas, electricity, public lighting and district heating networks are necessary to maintain a safe and reliable service to existing consumers, meet peak demands, provide for growth in demand, and contribute to increasing energy efficiency.

    Comments

    n/a

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    • Solid waste - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 286 million

    Total cost (Approximate amount)

    EUR 600 million

    Environmental aspects

    The investments in the water and waste are expected to have positive net environmental and social impacts, considering their focus on compliance and resource efficiency. The investments in electricity, gas and heat distribution are expected to have minor impacts. Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EC, the Habitats Directive (92/43/EC) and the Birds Directive (79/409/EEC) will be respected and the Bank will publish the non-technical summary of the EIA on its website.

    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 (2004/17/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

    Status

    Approved - 4/06/2014

    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

    Italy Energy Water, sewerage Solid waste