Abstract
Performances of a neutrino beam generated by the CERN SPL proton driver are computed considering a 440 kton water Cerenkov detector at 130 km from the target. $\theta_{13}$ sensitivity down to $1.2^\circ$ and a $\delta$ sensitivity comparable to a Neutrino Factory, for $\theta_{13} \geq 3^\circ$, are within the reach of such a project.

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