According to the Bank’s website, the project will support the promoter's 2025-2029 investment plan, focusing on water and energy efficiency, the circular economy, and flood resilience. The aim is to keep supporting the promoter in its investments to provide integrated water services in Milan's metropolitan area.

MM manages the integrated water service for the city of Milan, serving a resident population of about 1.4 million inhabitants, equivalent to a total demand of about 2.0 million people (including residents, commuters, and visitors). The investment plan comprises schemes that are included in the area plan, Piano d’Ambito, as regularly updated with the local authority, ATO (Ambito Territoriale Ottimale) - Ufficio d'Ambito della Città Metropolitana di Milano, and the national economic regulator, ARERA (Autorità di Regolazione per Energia Reti e Ambiente).

Large parts of the underlying investment programme consist of the upgrade and expansion of networks and facilities in urban areas, with the main environmental impacts being those during construction (noise, dust, traffic etc) and not normally requiring a full EIA. Among the investments included in MM’s investment plan for 2025-2029, the only component subject to an EIA under Annex II of the EIA Directive is the construction of an anaerobic digestor at the Nosedo wastewater treatment plant.

Potential social impacts include the possible disruption of services and traffic, noise and temporary occupation of public and private space, and safety hazards during construction only, common for this type of projects in urban environments.

MM SpA (Metropolitana Milanese) is a public company responsible for managing Milan's water and wastewater services, including the distribution of drinking water and sewage management.

No contacts available at the time of disclosure.

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