CIIP receives €50m funding from EIB to enhance water services in Marche, Italy

CIIP receives €50m funding from EIB to enhance water services in Marche, Italy

(IN BRIEF) The European Investment Bank (EIB) has granted €50 million to CIIP, the integrated water services provider in the provinces of Ascoli Piceno and Fermo, to improve water and wastewater services in Marche, benefiting over 414,000 people. The funding will support CIIP’s investment plan for 2023-2027, improving the efficiency, supply security, and climate resilience of water services in 59 municipalities in the region. This funding aligns with the Water Framework Directive and the Urban Waste Water Treatment Directive. The EIB is one of the largest lenders to the water sector globally, and Italy was the largest beneficiary of EIB resources for the water sector from 2016 to 2022.

(PRESS RELEASE) LUXEMBOURG, 27-Apr-2023 — /EuropaWire/ — The European Investment Bank (EIB), the lending arm of the European Union, has provided €50 million to CIIP, the single utility company offering integrated water services in the provinces of Ascoli Piceno and Fermo. The funding aims to improve the efficiency, supply security, and climate resilience of water and wastewater services in Marche, benefiting over 414,000 people.

The EIB financing will support CIIP’s investment plan for 2023-2027, with the aim of further improving integrated water service in the 59 municipalities served in the Marche region. The funding will also improve climate resilience for future extreme weather events, in line with the Water Framework Directive and the Urban Waste Water Treatment Directive.

The EIB is the EU climate bank and one of the world’s largest lenders to the water sector, with over 1,600 projects and around €80 billion in funding granted since 1958. Italy was the biggest beneficiary of EIB resources for the water sector from 2016 to 2022, with 40 operations financed, providing a total of €2.9 billion and unlocking €8.9 billion in investment.

CIIP’s funding from the EIB is the second loan agreement in the last ten years, following funding agreements with CAP Group, Tea Spa, Alfa S.r.l, Veritas, SMAT, and Iren Group.

The EIB’s financing of CIIP will contribute to the development of more efficient and resilient water services in Marche, ensuring a reliable and sustainable supply of water to communities in the region.

“Water is not only the source of life, but also the resource most affected by climate change. This new operation with CIIP will help make integrated water service in the Italian provinces of Ascoli Piceno and Fermo more efficient, sustainable and resilient to future extreme weather events,” said EIB Vice-President Gelsomina Vigliotti.

“CIIP spa is honoured by the trust placed in it by the EIB. This latest financing will enable CIIP to strengthen the quality of integrated water service infrastructure, benefiting regional growth and the population served, with a view to promoting the circular economy, the preservation of water resources and keeping prices stable in the short term,” said CIIP spa President Giacinto Alati.

Background information

European Investment Bank (EIB)

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It provides long-term financing for sound investments that contribute to EU policy. The Bank finances projects in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs). Between 2019 and 2021, the EIB Group provided €45 billion in financing for projects in Italy.

CIIP spa — Cicli Integrati Impianti Primari (CIIP)

CIIP is a publicly owned company held by its 59 member municipalities in the Italian provinces of Ascoli Piceno and Fermo, and is responsible for integrated water service until 2047 under an in-house providing arrangement as single operator for the no. 5 Marche Sud service area.

Between 2010 and 2022, CIIP made €256 million of infrastructure investment.

Press contact

Lorenzo Squintani, l.squintani@eib.org, mobile: +39 366 57 90 312

Website: www.eib.org/press — Press Office: +352 4379 21000

press@eib.org

Cesare Orsini, orsini@ciip.it, mobile: +39 334 669 7522

Website: www.ciip.it

SOURCE: European Investment Bank