Release date: 4 June 2014
Promoter – Financial Intermediary
NORTHERN GAS NETWORKS LTDLocation
Description
Investments to upgrade and extend Northern Gas Networks' gas distribution infrastructure – 2014-17.
Objectives
The investments are envisaged to go towards financing the replacement of metallic pipes by polyethylene ones, connecting new customers (including some facing fuel poverty), upgrading key infrastructure above ground and modernising information technology systems and other ancillary assets.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 183 million (GBP 150 million)
Total cost (Approximate amount)
EUR 438 million (GBP 360 million)
Environmental aspects
Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (2011/92/EU), requiring the competent authority to determine the need for an EIA in line with the Directive.
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 - 13/02/2015
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).