Release date: 15 April 2014
Promoter – Financial Intermediary
Italy’s leading natural gas distribution companyLocation
Description
The project is part of the Promoter’s on-going investment programme to upgrade and extend its gas distribution networks in some of its concession areas. At this stage, the investments appear to be broadly split into the following categories: the installation of corrosion protection systems in Rome, northern Italy and Sicily; and the upgrading and extension of the network in Rome.
The project will cover concession(s) in the EU cohesion region of Sicily.
Objectives
The project will enable the Promoter to cater for demand growth, reduce losses, and to improve quality, reliability and efficiency of the gas distribution system. The project will also allow the Promoter to reinforce the network in terms of safety.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 124 million
Total cost (Approximate amount)
EUR 249 million
Environmental aspects
Appraisal of the project suggests that none of the components will be required to undertake a full Environmental Impact Assessment per 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 - 30/09/2015
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).