SMAT WATER NETWORK INVESTMENTS

Promoter – Financial Intermediary

SOCIETA METROPOLITANA ACQUE TORINO SPA

Location

• Italy

Description

Investments in water and wastewater infrastructure over the 2020-2024 period in the city of Torino and neighbouring areas.

Objectives

The project will improve the quality of life of the inhabitants in the city of Torino and surrounding municipalities by allowing the Promoter 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 100 million

Total cost (Approximate amount)

EUR 200 million

Environmental aspects

The investment is geared toward upgrading water and wastewater infrastructure (water and wastewater treatment plants, networks, pumping stations) bringing about positive environmental impacts. Compliance with the EU Water Framework Directive (2000/60/EC), Urban Waste Water Treatment Directive (91/271/EEC), and EU and national environmental legislation (notably under EIA 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 Promoter to ensure that contracts for the implementation of the project have been or will be tendered in accordance with the relevant 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 - 3/12/2020