ABBANOA WATER INVESTMENTS

Promoter – Financial Intermediary

ABBANOA SPA

Location

• Italy

Description

The project consists of investments in water and waste water infrastructure in the Sardinia Region during the 2018 - 2022 period.

Objectives

The project is driven by the need to ensure compliance with the EU and national environmental legislation. The investments will deliver substantial health advantages and environmental quality improvements in the form of a more rational use of water resources, higher ecological quality of surface and groundwater resources, and increased service quality. Moreover, the project will contribute to climate change adaption and mitigation in a region increasingly affected by droughts.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 824 million

Environmental aspects

The investments in the water and wastewater sector are expected to have positive net environmental and social impact, considering their 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.

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 the publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 17/01/2019