Release date: 1 June 2015
Promoter – Financial Intermediary
BAYERNETS GMBHLocation
Description
Construction of a 86.5km-long gas pipeline from Überackern to Finsing in Bavaria
Objectives
The project will allow for the replacement of more polluting fuels by cleaner and cheaper natural gas in the residential, commercial and industrial sectors.
Sector(s)
- Energy - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 240 million
Environmental aspects
The project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52/EU). The respective assessment reports, including Flora Fauna Habitats (FFH) assessments, were submitted to the authorities in 2013 and disclosed to the public in 2014. The promoter expects the EIA procedure to finish around mid-2015.
Procurement
The promoter will follow public procurement procedures according to the relevant EU directives. Main procurement activities are planned to take place in 2015.
Status
Signed - 22/09/2016
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).