Signature(s)
Summary sheet
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Innovative structured financing of local water utilities in the Italian region of Veneto.
The project will improve the quality of life of the inhabitants in the Veneto Region by allowing the Final Beneficiaries to upgrade and extend the water and wastewater infrastructure. Furthermore, by increasing the resilience of the water system to climate impacts, the project will contribute to supporting EU Climate Action.
The investments are expected to have positive net environmental and social impacts, considering their focus on compliance with, amongst others, the Urban Waste Water Treatment Directive 91/271/EC, the Water Framework Directive 2000/60/EC, and their contributions to resource efficiency from efficiency improvements. Where and if applicable, the requirements of the Environmental Impact Assessment Directive 2014/52/EU amending the Directive 2011/92/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be verified during appraisal.
The Bank will require the utilities to ensure that contracts for implementation of the project have been or will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU where applicable and/or 2014/24/EU where applicable and/or 2014/25/EU where applicable, as well as Directive 92/13/EEC and Directive 89/665/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.