Milan-Nosedo Wastewater Treatment Plant

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Home The contract
Nosedo Wastewater Treatment - The Contract

The building of the plant has been organised according to a Building and Management Concession Contract scheme.

Under the Concession Contract, the group of concession companies has undertaken with Milan Municipal Authority to fulfil the following obligations:

  • building the whole plant in 1,340 days from the start of the works, initiating its management in a first phase, funded directly by the Municipal Authority at the end of the second year of construction;
  • funding over 50% of the works using a project financing scheme;
  • managing the plant for 16 years and subsequently handing it back over to the Municipal Authority in perfect working order and complete efficiency at the end of the concession period.

The concession holder, in order to guarantee the financial coverage of the project, has implemented a complex and innovative project financing scheme.

The funds collected on international capital markets will be repaid throughout the validity of the concession agreement, in line with the financial flows generated by plant management activities.

 

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