As stated by the EIB, 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.

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.

The EIB finance is backed by SACE’s Archimede guarantee - which covers two-thirds of the funding - and the European Union’s InvestEU programme - which covers the remaining €50 million.

As stated by the EIB, Acqua Novara VCO SpA is the in-house integrated water services provider for the Piedmont region’s service area no. 1. It serves 138 municipalities in the provinces of Novara and Verbano-Cusio-Ossola with a workforce of 300 employees. It is the second-largest water management company in Piedmont. It has a strong focus on environmental, social and governance issues and takes protecting water resources in its catchment area very seriously.

SACE is an insurance and finance company owned by the Italian Ministry for the Economy and Finance. It specialises in helping Italian companies to grow through a wide range of tools and solutions backing exports and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 more in Made in Italy target countries around the world, SACE currently supports 60 000 companies, enabling them to reach their national and international potential with a portfolio of insurance operations and guaranteed investments worth approximately €270 billion in 200 global markets.

No project contacts provided at the time of disclosure.

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