Release date: 28 October 2015
Promoter – Financial Intermediary
Italy's main gas transmission company.Location
Description
The investment programme consists of 21 distinct gas transmission projects located in northern and southern Italy. Many of them serve the purpose of increasing gas transmission capacity in the north of Italy for reverse cross-border gas flows to neighbouring countries (classified as projects of common interest or PCIs). Others aim at the modernisation and replacement of existing equipment and at removing bottlenecks in transmission capacity in some areas of the country.
Objectives
The project will contribute to improving security, safety and reliability of gas supply and to diversifying supply routes, enabling further EU market integration. Three project components have PCI status (5.11). The major maintenance component is located in the cohesion priority region of Sicily. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest. With regards to the Bank's objectives, the financing of this project will contribute to the security of energy supply and to network modernisation for maintaining quality and reliability. It is also in line with the Bank's energy lending policy to gas networks.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 747 million
Environmental aspects
Environmental assessments have been conducted or are under preparation for the major components of the programme. Various assessments were already approved between 2012 and 2014. Permitting for the smaller components is at various stages, with authorisation expected for most of them by end-2015.
Procurement
The investments seem to fall under EU public procurement legislation. The Bank will review with the promoter the proposed procurement procedures and request that contracts for the implementation of the programme are tendered in accordance with the relevant applicable EU procurement legislation.
Status
Signed - 10/12/2015
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).