3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||24 Aug 2011|
|Customer:||SEB Leasing Oy|
|Amount in EUR:||EUR 16 million|
|NACE sector / loan type:||Collection, purification and distribution of water|
|Business area:||Energy and water|
The 15-year-maturity loan totalling EUR 16 million has been provided for financing the acquisition of equipment to be leased to Turun Seudun Vesi Oy for a Managed Aquifer Recharge (MAR) project, which was signed 6 June 2011. The artificial recharge project of the Virttaankangas aquifer is a solution implemented by Turun Seudun Vesi in order to safeguard the water supply for seven municipalities with about 290,000 inhabitants.
Clean drinking water and a secure supply of water are key elements in the local economy of the Turku region and one of the most important cornerstones in building and maintaining a competitive economy.
This is a project with a potentially extensive environmental and/or social impact (category A, read more)
The key environmental issue relates to the long-term changes in the groundwater quality in the Virttaankangas esker area. The quality of infiltrated water is regulated by EU directive 2006/118/EU. As artificial and natural groundwater mix over time, the quality of the groundwater will inevitably change. However, artificial groundwater will not significantly differ from natural groundwater and thus all groundwater resources in the Virttaakangas esker area will remain potable.