LRH WATER INFRA UPGRADE

Promoter – Financial Intermediary

LARIO RETI HOLDING SPA

Location

• Italy

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