Release date: 19 November 2020
Promoter – Financial Intermediary
UJESJELLES KANALIZIME TIRANE SHALocation
Description
Structural improvements of the water distribution system in the Municipality of Tirana, through the construction of the Guri I Bardhe transmission line and the Tirana high pressure water supply ring to achieve a continuous and high-quality potable water supply.
Objectives
The project will contribute to environmental protection and natural resource efficiency by providing a continuous and safe water supply to Albania's capital city and reducing energy consumption. The project is expected to result in an improved quality of life, public health and reduced energy costs, thus helping the city become more resilient and adapted to climate change. The project will contribute to an improved environment and will promote economic growth and local employment during the construction phase.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
EUR 144 million
Environmental aspects
The project will contribute to ensuring compliance with the Drinking Water Directive (98/83/EC) and to support environmental sustainability by improving water supply services, reducing potential pollution of drinking water resources and level of non-revenue water and ensure good health of the population in the beneficiary areas. The Bank will assess the compliance of the project with EU environmental legislation, policy and EIB environmental and social standards. Any potential negative externalities, as well as environmental and social regulation issues, will be assessed during the appraisal.
Procurement
The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Signed - 2/12/2021
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).