Italian firm BrianzAcque has secured €145 million (£125m) from the EU bank to improve its water and sewerage network.
The loan from the European Investment Bank (EIB) will be used to make its water system more efficient and climate resilient, benefiting around 877,000 people in Lombardy.
Some of BrianzAcque’s improvements including increasing its water treatment plant capacity, laying 16 kilometres of new sewer pipes, separating rainwater from the sewerage system, building retention basins for temporary rainwater collection and implementing innovative urban and social regeneration solutions.
Around 50 new jobs are expected to be created during the implementation phase.
EIB Vice President Gelsomina Vigliotti said: “Investing in modern and resilient water infrastructure is key to protecting our regions from the effects of climate change and to significantly reducing water losses, one of our water service’s main challenges.
“This new funding supports safer, more efficient and more sustainable water management to benefit people and the environment.”
Italian firm granted €45m to improve water and sewerage network appeared first on Energy Live News.