ETRA WATER & CIRCULAR ECONOMY (EIB-20230380)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Italy
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bassano del Grappa, Camposampiero, Campodarsego, Oliero
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Energia Territorio Risorse Ambientali - ETRA SpA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Infrastructure
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 106.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 100
Converted using 2023-09-14 exchange rate.
Loan Amount (USD)
$ 106.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 100 million
Converted using 2023-09-14 exchange rate.
Project Cost (USD)
$ 270.13 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 254 million
Converted using 2023-09-14 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Nov 10, 2023

Disclosed by Bank Sep 14, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EIB, the project, part of ETRA's 2023-2027 investment programme, concerns the implementation of different schemes of circular economy and solid waste, as well as water sector.

The project concerns the implementation of different schemes of the Circular Economy(CE)/Solid Waste(SW), and the water sector. The CE/SW project components include the acquisition of collection equipment (underground containers, semi-trailers, compactors, bio-methane powered trucks, etc.). It also consists of the upgrading of the Anaerobic Digestion plant located in Bassano del Grappa into biomethane; the construction of two new composting lines into the actual AD plant located in Camposampiero; the revamping of a paper recycling unit in Campodarsego; the retrofitting of a composting unit in Bassano del Grappa and another composting plant in Camposampiero; the upgrading of an existing plastic sorting plant. Moreover, it comprises also the construction of four new sorting stations dedicated to recycling material. Finally, the CE/SW project component comprises the upgrading of the gas and leachate treatment system of a closed landfill. As far as the water sector component is concerned, it consists of the maintenance of tanks and the revamping of 158 km of drinking water infrastructure. It comprises also the revamping of the "centrale di Oliero". Finally, this component includes the construction of new conveyance/water networks and the upgrading filtration system.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's website, Etra - Energy Territory Environmental Resources is a fully publicly owned multi-utility, i.e., a company subject to the management and coordination of the member municipalities under Art. 30 of the TUEL (Service Conference), which carries out a number of services of public importance.

Etra's activities are carried out in the Brenta River basin, which extends from the Asiago Plateau to the Euganean Hills, including the area of the Bassano area, the Alta Padovana and the urban belt of Padua. This territory, through its representatives (municipalities and Brenta Basin Council), has entrusted Etra with essential tasks for the community: the management of integrated water service and waste management.

(Translated with DeepL).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Energia Territorio Risorse Ambientali - ETRA SpA Client Water and Sanitation

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Borrower - Energia Territorio Risorse Ambientali (ETRA) SpA:

Address: Via del Telarolo 9, 35013 Cittadella (PD)
Fax: +39 49 8098701
Email: info@etraspa.it
Website: https://www.etraspa.it/

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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How it works