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    Reference: 20170888
    Release date: 17 May 2018

    Promoter – Financial Intermediary

    GAIA SPA

    Location

    Description

    The project consists of investments for the upgrade of the wastewater infrastructure in the service area known as Toscana Nord in the region of Tuscany, Italy, during the period 2018-2022.

    Objectives

    The project is driven by the need to ensure compliance with EU and national environmental legislation. The investments will deliver substantial health advantages and environmental quality improvements in the form of higher ecological quality of surface and groundwater resources, and increased service coverage and 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.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 63 million

    Environmental aspects

    The project is expected to have positive net environmental and social impact, considering the focus on compliance. 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.

    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 (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.

    Status

    Signed - 8/08/2018

    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

    Italy Water, sewerage