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    Référence: 20200945
    Date de publication: 14 juillet 2021

    Promoteur – Intermédiaire Financier




    Financing of a multi-annual investment programme in water and sanitation in the City of Riga.

    Additionality and Impact

    The Project is in line with EU and EIB policy objectives of environmental protection and climate action, and will help mitigate market failures by financing infrastructure that generates positive externalities in the form of environmental and health benefits. These benefits would not be realised to the same extent without public intervention. This Project supports the strengthening of the EU's economic, social and territorial cohesion.

    EIB provides significant financial contribution by offering longer maturity and flexible customised terms compared to the conditions currently available on the market. EIB financing will help the Borrower to diversify funding sources and will provide a direct loan from an international finance institution for the first time. Thus, EIB's involvement will have an impact on mobilising other financiers and signalling that the Project is sound and worth supporting, thereby facilitating the full financing and implementation of the Project.


    The proposed operation concerns the 2021-2024 investment plan of the Borrower, and aims at enhancing the quality and security of water supply and wastewater collection and treatment. Investments are supposed to include rehabilitation of networks, replacement of meters, water treatment and storage facilities, and information and communications technology (ICT) process improvement and automation items.


    • Eau, assainissement - Production et distribution d'eau; assainissement, gestion des déchets et dépollution

    Montant BEI envisagé (montant approximatif)

    EUR 60 million

    Coût total (montant approximatif)

    EUR 120 million

    Aspects environnementaux

    The project will contribute to ensure compliance with key EU directives in the water sector, notably the Drinking Water Directive (2020/2184/EU), the Urban Waste Water Treatment Directive (91/271/EEC) and the Water Framework Directive (2000/60/EC). Where and if applicable, the requirements of the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU and SEA Directive 2001/42/EC will be respected. The Promoter will in such case, prior to utilising any EIB funds, be responsible for transmitting to the Bank the environmental impact assessment (EIA) for publication on its website. For any part of the project that may impact on a nature conservation site, the Promoter will be required to provide to the Bank information on the mitigating measures required to comply with the Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively).

    Passation des marchés

    The Bank will require the Borrower to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/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.


    Signé - 16/06/2022

    Clause de non-responsabilité

    Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
    Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).

    Mots-clés correspondants

    Lettonie Eau, assainissement