MADRID WATER MANAGEMENT 2

Promoter – Financial Intermediary

CANAL DE ISABEL II SA MP

Location

• Spain

Description

The project will finance the promoter's water and wastewater investment programme aimed at improving the quality and resilience the services provided in the region of Madrid.

Objectives

The aim is to upkeep resilient, efficient and sustainable water services while ensuring compliance with the environmental requirements set by the national and the EU legislation.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 430 million

Total cost (Approximate amount)

EUR 992 million

Environmental aspects

The investment is geared toward upgrading water and wastewater infrastructure (water and wastewater treatment plants, networks) bringing positive environmental impacts. The promoter will be required to comply 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 the environmental impact assessment (EIA) Directive 2011/92/EU (amended by the Directive 2014/52/EU), Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC). This investment is expected to improve the resilience of the water supply system and to preserve water resources in a water stress area. It will, therefore, increase the quality of life in the project area. Social negative impacts are only temporary (e.g. occupation of public and private space, safety hazards during construction, traffic, noise) and will be addressed as part of the planning for the implementation of each scheme. The promoter has demonstrated sound practices with respect to environmental, health and safety management and will be required to ensure compliance with the applicable legislation regarding social matters. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation, pollution prevention and control, sustainable use and protection of water and marine resources, Where and if applicable, the requirements of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC and the requirements of social standards will be verified during appraisal

Procurement

The promoter has to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU and/or 2014/24/EU 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 EU Official Journal, as and where required.

Status

Under appraisal - 20/03/2024