Release date: 30 March 2020
Promoter – Financial Intermediary
LARIO RETI HOLDING SPA
The project concerns investments in water and wastewater infrastructure in the Province of Lecco (Lombardy Region) during the period 2019 - 2023.
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.
- 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
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.
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.
Signed - 29/07/2020
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).