| Project Detail |
Purchase by the EIB of Green Bond instruments issued by AQUALIA under its Green Financing Framework, the proceeds of which will finance new investments in the water sector, compliant with the substantial contribution of the EU Taxonomy. Additionality and Impact The green bonds will finance water related infrastructure and equipment required for a sustainable operation of water assets. Through the targeted issuance, the company will improve existing water and wastewater infrastructure as well as the environmental performance of the assets. The project ensures compliance with key European regulations in the water sector, and fall under the EIBs vertical policy objective of Sustainable Energy and Natural Resources whilst also contributing 100% to the horizontal policy objective of Climate Action and Environmental Sustainability. The operation is expected to have a strong crowding in effect and to support the borrower in attracting long term financing from public debt markets for their green investments. Objectives The proceeds of the bond are expected to be used by the Promoter to finance a combination of new and refinanced assets. The Issuer will have a contractual obligation that, by the end of the allocation period, it has invested in an agreed amount of new, EIB eligible investments. The operation will finance investments in the water sector. Sector(s) Water, sewerage - Water supply; sewerage, waste management and remediation activities Proposed EIB finance (Approximate amount) EUR 120 million Total cost (Approximate amount) EUR 250 million |
