Release date: 3 February 2015
Promoter – Financial Intermediary
Cicli Integrati Impianti Primari S.p.A. (CIIP)Location
Description
2014-2019 Investments in water and wastewater facilities
Objectives
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.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 55 million
Total cost (Approximate amount)
EUR 116 million
Environmental aspects
The project is expected to have a positive net environmental and social impact on 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.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project are 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.
Status
Signed - 29/07/2015
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).