BREST EAU DU PONANT (EIB-20230792)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • France
Geographic location where the impacts of the investment may be experienced.
Specific Location
Brest, Landerneau-Daoulas
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
Eau du Ponant
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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)
$ 86.45 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 80
Converted using 2024-02-29 exchange rate.
Loan Amount (USD)
$ 86.45 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 80 million
Converted using 2024-02-29 exchange rate.
Project Cost (USD)
$ 221.52 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 205 million
Converted using 2024-02-29 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 2, 2024

Disclosed by Bank Feb 29, 2024

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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.

Original disclosure:

Le projet vise à financer les plan pluriannuel d'investissement de la Métropole de Brest et de la Communauté de Communes de Landerneau Daoulas portés par la société publique locale Eau du Ponant en charge de l'alimentation et du traitement des eaux.

Le but est le renouvellement, l'amélioration et la mise en conformité des installations de production et de distribution de l'eau potable et de la collecte et du traitement des eaux usées.

Translation by DeepL:

The aim of the project is to finance the multi-year investment plans of the Metropole de Brest and the Communauté de Communes de Landerneau Daoulas, supported by the local public company Eau du Ponant, in charge of water supply and treatment.

The aim is to renew, improve and bring up to standard drinking water production and distribution facilities and wastewater collection and treatment systems.

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 (in French):

Eau du Ponant est une société publique locale (SPL) qui dessert 100 000 abonnés et près de 300 000 usagers, soit un tiers de la population du Finistère.

Aujourd'hui, la SPL gère l’eau et/ou l'assainissement en délégation de service public pour 5 collectivités actionnaires qui sont représentées au Conseil d’Administration : Brest métropole, la Communauté de Communes du Pays de Landerneau-Daoulas, Pays d’Iroise Communauté, Locmélar - Saint-Sauveur et Loc-Eguiner.

Translation by DeepL:

Eau du Ponant is a local public company (SPL) serving 100,000 subscribers and almost 300,000 users, i.e. a third of the population of Finistère.

Today, the SPL manages water and/or wastewater services under a public service delegation agreement for 5 shareholder local authorities represented on the Board of Directors: Brest métropole, Communauté de Communes du Pays de Landerneau-Daoulas, Pays d'Iroise Communauté, Locmélar - Saint-Sauveur and Loc-Eguiner.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Eau du Ponant 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.

No project contacts provided at the time of disclosure.

Borrower - Eau du Ponant:

Address: 210 Boulevard Francois Mitterrand, CS 30117 Guipavas, 29802 BREST
Website: https://www.eauduponant.fr/

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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