| Project Detail |
The project will finance the upgrade of the sludge treatment process within the wastewater treatment plant in Modrice, which serves Brno, the second largest city in the Czech Republic.
Additionality and Impact
The project comprises an investment in a new sludge treatment facility in Modrice, about 10 km south of Brno, the second largest city of the Czech Republic. The new facility is proposed to ensure compliance with European and Czech environmental standards and improve energy efficiency. The promoter has a strong focus on climate change considerations, which underpin the rationale of the proposed investments. Sludge treatment projects furthermore generate positive externalities, including avoided public health costs, environmental benefits of improved treated effluent quality, reduced greenhouse gas emissions, as well as benefits from enabling socio-economic developments, including society-wide benefits from being better able to mitigate the adverse impacts of climate change. Overall, these environmental, climate and social benefits would not be achieved to the same extent without public intervention. The Bank is able to provide long-term financing, aligning maturities, repayment and drawdown conditions to the characteristics of the investments. Furthermore, the capital-intensive nature of the Borrowers operations requires participation of other financing parties and EIBs involvement can have crowding-in impact in this respect as well.
Objectives
The aim is to address the insufficient capacity of the sludge treatment process and improve the net energy balance of the wastewater treatment plant. The planned improvements will also ensure compliance with the recent stricter regulatory limits in the field of sanitary sludge disposal by providing higher standard treatment solution, which allows for more versatile and safer disposal options.
Sector(s)
Water, sewerage - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
CZK 1500 million (EUR 61 million)
Total cost (Approximate amount)
CZK 3543 million (EUR 145 million) |
