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    Reference: 20190669
    Release date: 30 March 2020

    Promoter – Financial Intermediary

    LARIO RETI HOLDING SPA

    Location

    Description

    The project concerns investments in water and wastewater infrastructure in the Province of Lecco (Lombardy Region) during the period 2019 - 2023.

    Objectives

    The purpose of the planned investments is to: (i) increase the efficiency and reliability of the water systems (ii) enhance the performance of wastewater collection and treatment services to ensure compliance with regional environmental requirements. Some components will also contribute to closing the infringement procedure opened against Italy for failing to comply with the requirements of Urban Wastewater Treatment Directive 91/271/EEC.

    Comments

    n/a

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 113 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 - 29/07/2020

    Related tags

    Italy Water, sewerage