ITALIAN SMALL WATER UTILITIES PROGRAMME LOAN (EIB-20170241)

Countries
  • Italy
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 18, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 230.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200 million
Converted using 2017-07-18 exchange rate.
Loan Amount (USD)
$ 230.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200 million
Converted using 2017-07-18 exchange rate.
Project Cost (USD)
$ 461.91 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 400 million
Converted using 2017-07-18 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 4, 2018

Disclosed by Bank May 30, 2017


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Project Description

According to EIB website, the programme loan (PL) is for the financing of several small water utilities in Italy. The sub-operations of the PL are driven by the need to ensure compliance with EU and national environmental legislation. The investments will deliver substantial health advantages and environmental quality improvements in the form of a more rational use of water resources, higher ecological quality of surface and groundwater resources, and increased service coverage and quality. Finally, part of the investments under this PL are expected to be made in less-developed regions of Italy.

The investments in the water and wastewater sector are expected to have a positive net environmental and social impact, considering their focus on compliance and resource efficiency.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure.

 

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