European Investment Bank Supports CAP Group's Investment Plan for Integrated Water Sector in Lombardy
The European Investment Bank (EIB) has signed a new €100 million finance contract with CAP Group to support the company's investment plan for the period 2025-2030. This agreement aims to upgrade water and sewerage infrastructure in Milan and several provinces in Lombardy, benefiting 154 municipalities and more than 2.4 million people. The EIB funding will support actions to increase the reliability and resilience of the water network, reduce the risk of flooding, and improve the quality and efficiency of wastewater collection and treatment services.
Key Takeaways:
- The project will benefit more than 2.4 million people and contribute to environmental sustainability and infrastructure safety.
- The EIB funding will support upgrading water and sewerage infrastructure in Milan and several provinces in Lombardy, benefiting 154 municipalities.
- The loan to CAP Group is part of the EIB's efforts to support the European Union's strategic priorities, including the European Green Deal and the digital transition.
- The EIB funding will help support actions to increase the reliability and resilience of the water network, reduce the risk of flooding caused by sewage overloads, and improve the quality and efficiency of wastewater collection and treatment services.
- Investments in the water sector in Italy have been substantial, with the EIB financing over €4.3 billion in the last ten years.
- The EIB is one of the world's leading lenders to the water sector, with over 1,770 projects and more than €86 billion in financing provided since 1958.
- The loan to CAP Group comes in addition to financing announced in 2025 for other water sector companies, including BrianzAcque, Acqua Novara.VCO, Azienda Comprensoriale Acquedottistica S.p.A, and ACEA.
- The EIB's Climate Bank Roadmap ensures that over 60% of its annual financing supports projects contributing to climate change mitigation, adaptation, and a healthier environment.
Statistics:
- €100 million: The EIB finance contract with CAP Group to support the company's investment plan for the period 2025-2030.
- 154 municipalities: The number of municipalities that will benefit from the upgrading of water and sewerage infrastructure in Milan and several provinces in Lombardy.
- 2.4 million people: The number of people who will benefit from the upgrading of water and sewerage infrastructure.
- €4.3 billion: The EIB financing provided to the water sector in Italy over the last ten years.
- €86 billion: The total EIB financing provided to the water sector since 1958.
- 1,770 projects: The number of EIB projects in the water sector since 1958.
- €26.2 billion: The EU budget guarantee for the InvestEU Fund.
- €372 billion: The minimum amount of additional investment that will be mobilized through the InvestEU program.
Sources:
- European Investment Bank
- Contify.com
- European Investment Bank Copyright 2017 Contify.com