Release date: 20 July 2020
Promoter – Financial Intermediary
VIVERACQUA SCARLLocation
Description
Innovative structured financing of local water utilities in the Italian region of Veneto.
Objectives
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.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 124 million
Total cost (Approximate amount)
EUR 623 million
Environmental aspects
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.
Procurement
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.
Status
Signed - 26/10/2020
Disclaimer
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).