All agreed loans

Estonia. AS Tallinna Vesi

Date of loan: 27 May 2014
Country: Estonia
Customer: AS Tallinna Vesi
Amount in EUR: EUR 20 million
Maturity: 10 years
NACE sector / loan type: Sewage and refuse disposal, sanitation and similar activities
Business area: Infrastructure, transportation and telecom

Environmental effect

This loan has a positive effect on the Baltic Sea environment: 10%

Project

The loan has been provided for the upgrade of the fresh water distribution network and the wastewater network in Estonia’s capital Tallinn in 2013–2017. The investment programme is aimed at reducing the risk of emergencies and leakages and improving the supply of fresh water.

The scope of the wastewater network upgrade includes replacing pipes, increasing automation and control, repair works at the main sewage pumping station and renewing equipment at major pumping stations. The company will also implement improvements at the sludge treatment facilities.

The reconstruction of the fresh water distribution network includes replacing pipes and improving water supply to the water purification station.

AS Tallinna Vesi is the water utility of Tallinn. The company was privatised in 2001, and United Utilities (Tallinn) BV is its largest shareholder. The company owns the water and wastewater treatment plants as well as the supply and sewerage networks.

Fulfilment of NIB's mandate

Competitiveness: The investment programme is expected to increase the value of the tangible infrastructure assets in the region and equipment upgrades are likely to improve the productivity of the company’s services.

Environment: It is expected that the reconstruction of the pumping stations will help reduce energy consumption.

Sustainability summary

The investment has low potential for a negative environmental impact.

Press release

NIB annab Tallinna vee-ettevõttele laenu