VERITAS ACQUA E RIFIUTI

Promoter – Financial Intermediary

VENEZIANA ENERGIA RISORSE IDRICHE TERRITORIO AMBIENTE SERVIZI - VERITAS SPA

Location

• Italy

Description

Investments in water distribution services and in wastewater and solid waste collection and treatment services.

Objectives

The purpose of the water and wastewater components is to strengthen the continuity of safe water supply, rationalise and secure the collection and treatment of wastewater in line with regulations, and to carry out extraordinary maintenance and efficiency upgrades on the networks and treatment plants. The solid waste investments are expected to contribute to increasing materials recovery from residual waste and diversion of waste from landfills.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Solid waste - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 100 million

Environmental aspects

The investments are expected to have positive net environmental and social impacts, considering their focus on compliance and resource efficiency. Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EC, the Habitats Directive (92/43/EC) and the Birds Directive (2019/147/EC) will be verified during appraisal.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project be tendered in accordance with the relevant applicable EU procurement legislation, [2014/25/EU where applicable, as well as Directive 92/13/EEC and Directive 89/665/EEC] as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 9/07/2014