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    Reference: 20180487
    Release date: 26 April 2019

    Promoter – Financial Intermediary

    EMPRESA GERAL DO FOMENTO SA

    Location

    Description

    The project concerns the 2019-2021 investment programme of the promoter focussing on the implementation of various project components in the solid waste sector in Portugal. It consists of a number of investments geographically dispersed throughout the service areas covered by Empresa Geral do Fomento SA and its 11 subsidiaries respectively.

    Objectives

    This project will contribute to achieving compliance with the EU regulation as per the Waste Framework and Landfill Directives and the Circular Economy Package. The project is also a stepping-stone towards the implementation of PERSU 2020, the National Plan on Urban Waste Management, and of the National Waste Management Plan (PNGR 2014-2020), approved in 2014 and 2015, respectively.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 224 million

    Environmental aspects

    The project aims at achieving the objectives of EU Directives governing the solid waste management sector, notably the Circular Economy Package adopted in 2018. It includes the Landfill Directive 2018/850 (amending Directive 1999/31/EC) and the Waste Framework Directive 2018/851 (amending Directive 2008/98/EC). It is expected that the project will contribute to achieving good economic benefits in line with the EU's Circular Economy legislative package. The promoter will be required to comply with the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, and the requirements of the Habitats 92/43/EEC and Birds 79/409/EEC Directives, where appropriate. All relevant key documents for the Project will be published, in line with the EIB's disclosure policy.

    Procurement

    Contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation. EIB preliminary assessment of the promoter, its subsidiaries holding concessions, and the concessions contracts has led to the conclusion that the concessionaires are private bodies not subject to EU directives on public procurement (2014/24/EU), concessions (2014/23/EU) or water, energy, transport and postal service sectors (2014/25/EU).

    Status

    Signed - 19/12/2019

    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 Solid waste