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    Reference: 20170480
    Release date: 27 July 2018

    Promoter – Financial Intermediary

    SONAE MC SGPS SA

    Location

    Description

    The project concerns the investment programme of Sonae in the following areas: (i) Energy; (ii) Water; (iii) Food waste reduction and recovery; and (iv) environmental performance.

    Objectives

    The proposed project has three main goals: (i) reinforce the operational sustainability level, (ii) promote efficient energy consumption, and (iii) promote food waste reduction and recovery.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply
    • Solid waste - Water supply; sewerage, waste management and remediation activities
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    • Industry - Water supply; sewerage, waste management and remediation activities
    • Industry - Construction
    • Transport - Transportation and storage

    Proposed EIB finance (Approximate amount)

    EUR 55 million

    Total cost (Approximate amount)

    EUR 128 million

    Environmental aspects

    The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.

    Procurement

    The Promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 21/12/2018

    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).

    Related tags

    Portugal Energy Solid waste Water, sewerage Industry Transport