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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Egypt : € 50,000,000
    Energy : € 50,000,000
    Signature date(s)
    21/12/2006 : € 50,000,000

    Summary sheet

    Release date
    17 August 2006
    Status
    Reference
    Signed | 21/12/2006
    20060137
    Project name
    Promoter - financial intermediary
    Upper Egypt Gas Pipeline
    Egyptian Natural Gas Company (GASCO), Cairo
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million.
    EUR 91million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the design, construction, commissioning and commercial operation of a 120km long high-pressure gas pipeline section between Abu Qurqas, next to the city of Al Minya, and Asyut.

    The objective is to strengthen the national gas transmission system in view of increasing gas demand in the country.

    Environmental aspects
    Procurement

    The Bank will request that the Promoter carries out an EIA with appropriate public consultation, which will be reviewed by the Bank.

    The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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