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Signature(s)

Amount
€ 887,333,941.79
Countries
Sector(s)
United Kingdom : € 887,333,941.79
Water, sewerage : € 887,333,941.79
Signature date(s)
12/05/2016 : € 887,333,941.79
Link to source

Summary sheet

Release date
10 September 2014
Status
Reference
Signed | 12/05/2016
20120306
Project name
Promoter - financial intermediary
THAMES TIDEWAY TUNNEL
THAMES WATER UTILITIES LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 700 million (EUR 893 million)
GBP 4578 million (EUR 5837 million)
Location
Sector(s)
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The construction and operation of a 25km-long, up to 7.2m-diameter tunnel following the route of the River Thames under the centre of London to capture discharges of sewage that presently overflow directly into the river.

The aim of the Project is to comply with the EU Urban Wastewater Treatment Directive and to improve the quality of the tidal section of the Thames.

Environmental aspects
Procurement

The Project is driven by the need to comply with the Urban Wastewater Treatment Directive (91/271/EEC) and ecological objectives for the tidal section of the Thames set by the UK Environment Agency. The Promoter complies with the requirements of EU EIA Directive 2011/92/EU, as well as Article 6 of the Habitats Directive 92/43/EEC. The Promoter carries out Environmental Impact Assessment procedures where required by the competent authorities and mitigating measures are applied as appropriate.

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation Dir 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.

Link to source
Summary sheet

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).

Documents

Environmental and Social Data Sheet (ESDS) - THAMES TIDEWAY TUNNEL
Publication Date
19 Sep 2014
Document language
Main Topic
Lending
Document Number
54634604
Document Focus
Environmental Information
Project Number
20120306
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - THAMES TIDEWAY TUNNEL
Publication Date
19 Sep 2014
Document language
Main Topic
Lending
Document Number
54642182
Document Focus
Environmental Information
Project Number
20120306
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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