WELSH WATER AND WASTEWATER AMP5 - II

Promoter – Financial Intermediary

GLAS CYMRU CYFYNGEDIG

Location

• United Kingdom

Description

Welsh Water provides 3.2 million people in Wales and adjoining areas of England with drinking water and sanitation. The Programme comprises Improvements to water supply and wastewater collection and treatment as part of the second half of Welsh Water's regulatory investment programme AMP5 (Asset Management Plan 5). The Programme was approved by the economic regulator OFWAT in 2009. The Programme includes a signficant programme of measures to increase the resilience and performance of drinking water treatment and water supply assets in general as well as a programme of wastewater treatment improvements in order to achieve compliance with the EU Wastewater Treatment Directve and stricter EU standards for bathing water.

Objectives

Environmental Protection
EIB Cohesion Priority Regions / Economic and Social Cohesion (transversal)

Sector(s)

• Water, sewerage

Proposed EIB finance (Approximate amount)

EUR 276 million (GBP 230 million)

Total cost (Approximate amount)

EUR 606 million (GBP 505 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 drinking water quality and environmental regulators independently monitor compliance with drinking water quality standards and effluent discharge permits.

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 - 17/11/2014