16 February 2016
Promoter – Financial Intermediary
GLAS CYMRU CYFYNGEDIG
The programme forms part of Welsh Water's capital expenditure programme for the regulatory period 2015-20 (AMP6). The individual schemes are located throughout the entire service area. The programme is mainly driven by EU directives as applicable to the water and wastewater sector as well as resource efficiency and adaptation of the systems and infrastructures to climate change and demographic growth.
The project comprises improvements to water supply and wastewater collection and treatment as part of the promoter's regulatory investment programme AMP 6 (Asset Management Plan 6). The AMP 6 Programme was approved by the economic regulator OFWAT in 2014 in order to support compliance with EU directives and stricter standards.
Proposed EIB finance (Approximate amount)
EUR 324 million (GBP 250 million)
Total cost (Approximate amount)
EUR 777 million (GBP 600 million)
The programme includes improvements to water supply and wastewater collection and treatment as part of the promoter's regulatory investment programme AMP6 to support maintenance and improvement of compliance with the Water Framework Directive (2000/60/EC) and the Urban Waste Water Treatment Directive (91/271/EEC). Compliance with the EU and national environmental legislation and procedures will be examined during appraisal.
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with relevant applicable EU procurement legislation (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC , or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Signed - 20/01/2017