Reference: 20160412
Release date: 24 July 2018

Promoter – Financial Intermediary

CAMARA MUNICIPAL DE LISBOA

Location

Description

Upgrade the drainage network of Lisbon, including drainage tunnels and ancillary infrastructure to reduce the frequency and magnitude of floods in the city.

Objectives

Lisbon has been suffering from intense and more frequent flood events in the past years. These events not only negatively affect the tourism industry, but more importantly, cause long lasting detrimental effects to the city population, as well as to its property and heritage. The project is intended to minimize the recurring and increasing problem of flooding while increasing infrastructure resilience in specific vulnerable areas of the City of Lisbon, including parts of the historical city centre. The project is part of the Lisbon's Drainage Master Plan 2016-2030, which includes recommendations regarding a number of structural interventions in the city.

Sector(s)

  • Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 65 million

Total cost (Approximate amount)

EUR 134 million

Environmental aspects

The project will deliver substantial environmental quality improvements, notably in the form of increased resilience against damages from high intensity floods. Some project components fall under Annex II of the Environmental Impact Assessment EIA Directive 2011/92/EU, which has been transposed into Portugal's legislation (Decreto Lei n.º 151-B/2013.) The competent authority, namely the Portuguese Environment Agency (APA), has issued the approvals for the Titulo Unico Ambiental (TUA) and the Declaracao de Impacto Ambiental (DIA).

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directives 2014/24/EU as well as Directive 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.

Status

Approved - 18/09/2018

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

Portugal Water, sewerage