26 September 2018
Promoter – Financial Intermediary
ACQUE VERONESI SCARL
The aim of the loan is to support water and wastewater nfrastructure investments by Acque Veronesi Scarl, a fully owned public water utility serving 43 municipalities in the Province of Verona (Veneto Region, Italy) in the period 2018 - 2021.
The investments will deliver substantial health advantages and environmental quality improvements in the form of a more rational use of water resources and increased service quality. Moreover, the project is expected to increase resilience against the effects of climate change, and to generate energy savings, thereby contributing to climate change adaptation and mitigation.
- Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 115 million
The project is driven by the need to ensure compliance with EU and national environmental legislation. The project is expected to have positive net environmental and social impact, considering the focus on compliance and resource efficiency. Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2014/52/EU, amending Directive 2011/92/EU, the Habitats Directive (92/43/EC) and the Birds Directive (79/409/EEC) will be respected and the Bank will publish the full text of the relevant EIAs on its website.
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 (Directive 2014/25/EU and Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU (OJEU), as and where required.
Signed - 19/12/2018