Release date: 14 July 2014
Promoter – Financial IntermediarySocietà Metropolitana Acque Torino S.p.A. (SMAT)
The project regards the investment programmes of SMAT’s water and wastewater operations as defined by the master plan for its service area in the Province of Turin in the Piedmont Region.
The project will help to ensure compliance with tighter environmental and customer service standards set by EU and national legislation. The project will therefore contribute to improving the quality of life of the inhabitants and the quality of the environment.
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 226 million
The project is expected to have positive net environmental and social impacts on the water and wastewater services in line with the standards mandated by the Urban Wastewater Directive 91/271/EC as amended by Directive 98/15/EC and the Water Framework Directive 2000/60/EC. Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU will be respected and the Bank will publish the non-technical summary of the EIA on its website.
The Bank will require the Promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation (2004/17/EC and 2007/66/EC), with publication of tender notices in the EU Official Journal, as and when required.
Signed - 28/11/2014
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).