Release date: 17 May 2016
Promoter – Financial Intermediary
WALES & WEST UTILITIES LTDLocation
Description
Part financing gas distribution extension and refurbishment programme in the West of England and Wales for the period 2016-2019.
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 renovate and continue developing the distribution network to ensure a safe and reliable service and to meet new customer's demand, as well as upgrading the system's operations.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 192 million (GBP 150 million)
Total cost (Approximate amount)
EUR 477 million (GBP 373 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 (amended 2014/52/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 - 19/11/2016