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    Reference: 20210595
    Release date: 1 December 2021

    Promoter – Financial Intermediary

    CAP HOLDING SPA

    Location

    Description

    Investments in water and wastewater infrastructure in the Province of Milan (Lombardy Region).

    Objectives

    The project aims at supporting investments in water and wastewater infrastructure, in order to improve the coverage, quality and resilience of integrated water services in the Lombardy Region. The underlying investments will bring operational efficiency improvements (e.g. reduction of water loss, increased energy efficiency, better resilience to extreme weather events) and generate substantial social benefits by improving the environment and public health in the region, as well as increasing employment opportunities.

    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 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

    Approved - 11/01/2022

    Related tags

    Italy Water, sewerage