EIB invests Euro 200m in Italian water

Water and wastewater systems in one of Italy's most densely populated areas are set to be improved thanks to a Euro 200m cash injection.

The European Investment Bank (EIB) is lending the money to the ACEA water company for to allow it to make improvements in the Province of Rome.

The project is part of ACEA's 2007-2012 investment programme.

ACEA's CEO Andrea Mangoni met with EIB chiefs in Rome on Friday to sign the loan agreement.

"The Bank appreciates being able to finance ACEA's investment programme," said EIB vice president Dario Scannapieco, who is responsible for financing operations in Italy, Greece, Cyprus, Malta and the western Balkans.

"[It] will have a direct positive impact on the water-related services offered by the company and indirect economic and environmental benefits through a general system upgrading, while increasing attention to the use of energy from water treatment plants."

He added: "Today's agreement contributes to further reinforce the good working relationship established with ACEA over the years."

The investment programme is part of ACEA's compliance with key EU directives affecting the water sector.

The company is the largest Italian water sector operator, serving a population in excess of 8m people.

Kate Martin



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