📋 Tender Overview
Reference: 20230688
Release date: 4 February 2025
Promoter – Financial Intermediary
ACA SPA IN HOUSE PROVIDING
Location
Italy
Description
The loan will finance the promoter's investments in integrated water services in the Italian region of Abruzzo from 2024 to 2026.
Additionality and Impact
The Project is in line with the InvestEU objective of Environment and Resources. The Project will support investments in water and wastewater infrastructure in the Abruzzo Region in Italy, by improving the coverage and quality of integrated water services, and bringing operational efficiency improvements, as well as increasing resilience towards droughts. In doing so, it will also ensure compliance with key European regulations in the water sector. Being located in Abruzzo, a transition cohesion region in Italy, the Project will contribute to the EU's economic social and territorial cohesion.
The Project will contribute to the Bank's policy objectives of Sustainable Energy and Natural Resources as well as Climate Action and Environmental Sustainability. The Project will address a number of market failures, including those associated with public goods, unaccounted for externalities and information failures, generating positive health, environmental benefits and water security (including resilience against climate change), which would not be realised to the same extent without public intervention.
Given the counterpart's relatively small size and low capital levels, the EIB would not be able to provide financing support to the same extent without InvestEU. The EIB support is expected to bring a tangible value added by lowering the project's cost of funding and offering a tenor longer than the one normally proposed by other financers. Considering the magnitude of the Project's funding needs, it is expected that the EIB support will contribute to accelerate its implementation.
Objectives
The aim is to support the upgrade of water and wastewater infrastructure (e.g. water and wastewater treatment plants, sewerage networks, and energy efficiency).
Sector(s)
Water, sewerage - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 151 million
Environmental aspects
The upgrade of water and wastewater infrastructure brings positive environmental impacts. Compliance with the EU Water Framework Directive (2000/60/EC), Urban Waste Water Treatment Directive (91/271/EEC) and EU and national environmental legislation, notably under the environmental impact assessment (EIA) Directive 2011/92/EU (amended by the Directive 2014/52/EU), Birds Directive (2009/147/EC) and Habitats Directive (92/43/EEC) will be verified during appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation and mitigation, as well as water and marine r
