(Finance) – La European Investment Bank (Bei) has announced a financing of 30 million euros in favor ofACQUEDUDOTTISTISTICSA SPA (ACA) company, The utility that provides integrated water services to about 450 thousand people in the provinces of Pescara, Chieti and Teramo.
There first tranche of 20 million euros was signed by Milena Messori, head of the Bei office in Italy, And by Giovanna Brandelli, president of ACA. This loan, supported by Investsuu of the European Union, It is intended to support the investment program for water and waste water for the period 2024-2026.
This funding – the beautiful in a note says – represents the First “green loan” of the Bei to a company in Abruzzo. The “green loan” of the Bei is applied to projects aimed at sustainability, climatic action and environmental care. Among the main initiatives financed, there are the extension of the water network to ensure wider and more reliable access to water and the introduction of advanced technologies to increase the quality of the water and the management of waste water. At the same time, solutions will be implemented to optimize operational processes, reducing costs and increasing the overall efficiency of the water system.
Particular attention toIncrease in the resilience of the sector in the face of future extreme climatic events – explains the note – will strengthen the ability of the territory to face periods of drought and water crisis such as the one that hit Abruzzo in 2024. This project will have a positive impact not only on the management of water resources, but also on the quality of life of the citizens.
The agreement is part of a collaboration already started between the Bei and the city of Pescarawhich in March 2022 saw the signature of 35 million euros for the renewal of the waste sorting structures, the purchase of low environmental impact vehicles and the improvement of energy efficiency in schools and public buildings.
“With this new agreement, we reiterate our proximity to Italian utilities and our commitment to improve water infrastructures in Italy – he said Messori -. Thanks to the support of Investsuu, we are helping ACA Pescara to reduce water losses, increase efficiency and guarantee a high quality water service to citizens, even in the face of the challenges posed by climate change. “
“Financing – he explains Shreds – represents the first green loan of the Bei to a company in Abruzzo. The 30 million euros in favor of ACA will have an important impact on improving the water network in the area and will guarantee a better service in the coming years. It is the first time that ACA has received such a sum from such a prestigious bank. This is proof that the path taken by the company begins to show its fruits with a positive impact of the service. The particular attention to the increase in the resilience of the sector in the face of future extreme climatic events will strengthen the ability of the territory to face periods of drought and water crises such as the one that hit Abruzzo in 2024 “.
Italy greater beneficiary of the beautiful resources dedicated to the water sector
With more than 1,640 projects and approximately 84 billion euros of funding provided from 1958 to today, Bei is one of the main financiers in the water sector worldwide. In particular, Italy has been the largest beneficiary of the beautiful resources dedicated to the water sector in the last 10 years, with financed operations signed for over 4 million euros. The loan to ACA Pescara, the first received by Bei, adds to those recently announced with Iren (200 million euros); Valle Umbra Servizi (35 million euros); Etra (100 million euros); Apulian aqueduct (270 million euros); Como water (50 million euros); Hera Group (460 million euros); Acea (435 million euros); Waters (130 million euros); and Ciip (50 million euros).