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    Signature(s)

    Amount
    € 126,534,227.5
    Countries
    Sector(s)
    United Kingdom : € 126,534,227.5
    Water, sewerage : € 126,534,227.5
    Signature date(s)
    23/10/2008 : € 126,534,227.5
    Link to source

    Summary sheet

    Release date
    25 October 2007
    Status
    Reference
    Signed | 23/10/2008
    20070399
    Project name
    Promoter - financial intermediary
    Welsh Water and Wastewater II
    Glas Cymru Cyfyngedig (Welsh Water)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 100 million.
    Estimated to be about GBP 566 million.
    Description
    Objectives

    The project comprises Welsh Water’s capital programme for the 2005-10 period, which is approved and monitored by the industry regulator OFWAT. The project consists of a large number of water supply and wastewater schemes located throughout Welsh Water’s operating area.

    The proposed programme aims to support sustainable environmental and customer service standards set by EU and national legislation.

    Environmental aspects
    Procurement

    The schemes included in the project fall under Annex II of Directive 97/11/EC. Environmental Impact Assessment (EIA) procedures are carried out where required by the competent authorities and mitigating measures are applied as appropriate. The project will be compliant with Article 6 of the Habitats Directive 92/43/EEC.

    The project falls under the EU Procurement Directive 2004/17/EC and 2004/18/EC. The borrower has confirmed that it complies fully with the requirements of the Procurement Directive and its amendment.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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