Release date: 2 August 2013
Promoter – Financial Intermediary
WALES & WEST UTILITIES LTDLocation
Description
Part financing Wales & West Utilities’ 2013-16 capex programme to modernise and expand the gas distribution network in the south west of the UK.
Objectives
The project is part of the Promoter’s on-going investment programme to upgrade and expand the gas distribution networks in its area of operations. The project will allow the Promoter to reinforce and continue developing the distribution networks to meet growth in both average and peak demand, as well as upgrading the system’s operations.
The project includes activities in the EU convergence regions of West Wales and Cornwall.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 185 million (GBP 160 million)
Total cost (Approximate amount)
EUR 475 million (GBP 410 million)
Environmental aspects
Current information suggests that none of the project components will require an EIA per the Environmental Impact Assessment Directive (2011/92/EU).
Procurement
The investments under the project are subject to the national and EU procurement provisions defined for entities operating in the water, energy, transport and postal services sectors
Status
Signed - 3/12/2014
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).