The European Investment Bank (EIB) is providing €55 million ($62 million) in financing to BrianzAcque to improve the efficiency of water infrastructure and wastewater management in the Italian province of Monza and Brianza, between 2022 and 2025.
This is the EIB's very first green loan to the water sector, and it aims to enhance BrianzAcque's water management via a series of sustainability, climate action and environmental protection projects.
The project will enable BrianzAcque to bring its plants into line with applicable E.U. directives, reinforcing 85 kilometers (53 miles) of water supply networks and creating an additional 16.5 kilometers (10 miles) of new sewerage pipelines. It will also help to improve resilience to risks related to adverse weather conditions caused by climate change.
The installation of new overflow tanks is planned to prevent overflows and flooding in various municipalities in Brianza. These tanks will temporarily store water in exces
