IREN S.p.A. – Water and wastewater infrastructures
-
Approval date
26 January 2024
-
Borrower
IREN S.p.A.
- Country
-
Loan size
€ 80 000 000
-
Line of action
Promoting Inclusive and Resilient Living Environments
-
Status
In progress
Additional Public sector Financing Facility (PFF) amount to IREN S.p.A., increasing the total amount of the loan to € 160 million, to part-finance eligible investments supporting the Borrower’s budgetary expenditures for the period 2022-2026. The PFF will continue to support the borrower in financing integrated water services, mostly in small and medium-size municipalities in Italy. Investments will contribute to developing a more sustainable use of water resources through leakage reduction, improved quality of drinking water networks, and better sewer treatment systems.
Final beneficiaries: inhabitants of municipalities in the provinces of Genoa and Parma, in particular those whose living environment is threatened by inadequate water infrastructure.
Environmental aspects
The CEB classified the project as category “A” since it required an Environmental Impact Assessment (EIA) according to applicable national law.