{"id":76803,"date":"2022-04-12T11:48:44","date_gmt":"2022-04-12T09:48:44","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=76803"},"modified":"2022-04-12T11:48:44","modified_gmt":"2022-04-12T09:48:44","slug":"italys-cap-group-receives-first-eib-green-loan-of-e100-million","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/italys-cap-group-receives-first-eib-green-loan-of-e100-million\/","title":{"rendered":"Italy’s CAP Group receives first EIB green loan of \u20ac100 million"},"content":{"rendered":"

CAP Group – the manager of integrated water services in Milan – has received the first green loan<\/a> from the European Investment Bank (EIB) at \u20ac100 million with an aim to improve the coverage, quality and resilience of integrated water services in Milan.<\/p>\n

The financing will support the company’s four-year plan, which includes \u20ac200 million for 44 projects aiming to minimize losses on its over 6 400 km of water network, improve the quality of water delivered and treated, enhance and improve its over 6 600 km of sewerage network, implement circular economy projects, and drastically reduce energy dependency and climate-changing emissions.<\/p>\n

This is a major contribution to the development of CAP Group’s 2022-2025 business plan, which amounts to \u20ac450 million in total \u2014 over \u20ac100 million a year. The EIB-financed investment plan covers 20 operations on the water network, 14 on the sewerage network, nine concerning wastewater treatment and one for other water-related activities.<\/p>\n

These operations are vital to managing rainwater and improving the resilience of the system to climate change. They will optimise the process for reducing energy use and sewage sludge, and will continue to recover energy from waste with projects such as the Sesto San Giovanni Bioplatform, a combined waste-to-energy and wastewater treatment plant and an Italian first for industrial symbiosis with zero CO2 emissions. The works will also be assessed in line with the Paris Agreements and the low-carbon targets of the EIB\u2019s Climate Bank Roadmap.<\/p>\n

This is one of the EIB’s first green loans to the Italian water sector, and aims to enhance CAP Group’s water management via a series of sustainability, climate action and environmental projects. 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 almost \u20ac79 billion in funding. In 2021, the EIB provided about \u20ac1.63 billion in financing for water projects, helping to give around 10 million people better access to drinking water.<\/p>\n

EIB Vice-President Gelsomina Vigliotti said \u201cThe EIB is the EU climate bank and one of the world\u2019s largest lenders to the water sector. This green loan will enable CAP Group to improve the quality of water delivered and treated and will strengthen the sewerage network to the benefit of over 2 million Lombardy residents, with a particular focus on sustainability, climate action and the environment.\u201d<\/p>\n

\u201cWe are delighted that the EIB is lending its support to the projects we plan to implement over the next few years,\u201d said CAP Group Chairman and Managing Director Alessandro Russo. \u201cThis financing will enable us to apply an even more committed and determined approach to pursuing the objectives identified in our sustainability plan. These goals are centered on three core areas of action to address the main sustainability challenges of today and the near future: the circular economy, recovering materials and energy from waste, reducing emissions and the use of energy from non-renewable sources; protecting water resources by reducing inefficiencies and improving the quality of the water delivered; and improving the resilience of our service area.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

CAP Group – the manager of integrated water services in Milan – has received the first green loan from the European Investment Bank (EIB) at \u20ac100 million with an aim to improve the coverage, quality and resilience of integrated water services in Milan. The financing will support the company’s four-year plan, which includes \u20ac200 million […]<\/p>\n","protected":false},"author":410,"featured_media":76806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[],"yoast_head":"\nItaly's CAP Group receives first EIB green loan of \u20ac100 million - Csr Egypt<\/title>\n<meta name=\"description\" content=\"CAP Group received the first EIB green loan at \u20ac100 m with an aim to improve the coverage, quality and resilience of integrated water services in Milan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/italys-cap-group-receives-first-eib-green-loan-of-e100-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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