ACQUA NOVARA VCO WATER SECTOR GREEN LOAN

Promoter – Financial Intermediary

ACQUA NOVARA VCO SPA

Location

• Italy

Description

The project concerns Acqua Novara.VCO's 2025-2030 water and wastewater investment programme, aimed at improving system resilience through interconnections of the water distribution networks, new water sources, and leakage reduction as well as optimisation of existing sewerage treatment facilities.

Objectives

The aim is to continue support the promoter's investments (e.g. water and wastewater treatment plants, networks and pumping stations) in the Piedmont region.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 300 million

Environmental aspects

The upgrade of water and wastewater infrastructure brings positive environmental impacts. Compliance with the EU Water Framework Directive (2000/60/EC), Urban Wastewater 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) will be verified during appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation and sustainable use and protection of water and marine resources. This project also brings substantial health advantages and environmental quality improvements to the affected population, thereby increasing 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. As per social matters, the promoter will also be requested to comply with the relevant applicable legislation.

Procurement

The promoter has 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, Directives 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