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    Reference: 20190398
    Release date: 10 September 2020

    Promoter – Financial Intermediary




    Programme Loan aimed at financing water and waste investments in Spain.


    The proposed Programme Loan (PL) aims at supporting investments in the water, wastewater and solid waste infrastructure throughout Spain. In the water sector, the investments are expected to improve the efficiency, efficacy and reliability of water and wastewater services and ensure compliance with key EU directives, notably the Drinking Water Directive 98/83/EC, the Urban Waste Water Treatment Directive 91/271/EEC and the Water Framework Directive 2000/60/EC (i.e. WFD). Waste sector investments are aimed at promoting resource efficient and sustainable municipal waste management services in compliance with relevant EU Directives, notably the Waste Framework Directive (2008/98/EC), the Landfill Directive (1999/31/EC) and the Packaging and Packaging Waste Directive (2005/20/EC) as well as their most recent amendments (Directives 2018/851, 2018/852 and 2018/853).


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

    Proposed EIB finance (Approximate amount)

    EUR 600 million

    Total cost (Approximate amount)

    EUR 1200 million

    Environmental aspects

    In terms of economic benefits, the programme will deliver substantial environmental quality improvements and climate related benefits. The overall impact of the PL will be higher ecological quality of surface and groundwater resources, and increased service coverage quality and resilience. In the solid waste sector, the impact of the programme will be a shift towards the higher tiers of the waste hierarchy and the circular economy through increased material recovery and recycling, and the resulting reduction of wastes incinerated or landfilled. 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 (2009/147/EC) will be respected.


    The Bank will require the promoters to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation (Directives 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 89/665/EEC or 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, as and where required.


    Approved - 13/10/2020


    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

    Spain Water, sewerage Solid waste