Release date: 10 October 2012
Promoter – Financial Intermediary
ASSOCIATED BRITISH PORTSLocation
Description
Redevelopment of Alexandra Dock at Port of Hull to provide a site for an offshore wind turbine manufacturing facility with a riverside berth and storage areas for turbine components.
Objectives
The project will service vessels operating in the North Sea installing offshore wind turbines, the development of which supports EU and national targets for renewable energy and thus contributes to environmental and security of energy supply objectives.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 68 million (GBP 55 million)
Total cost (Approximate amount)
EUR 136 million (GBP 110 million)
Environmental aspects
The project has been the subject of a full EIA, including environmental impact studies (EIS), biodiversity assessments, and public consultation. The EIS non-technical summary (NTS) has been provided to the Bank. Compliance with the SEA directive, the Water Framework Directive, climate change adaptation issues, the EIA process and status of authorisations, biodiversity assessment requirements, residual impacts of the project, as well as compensation measures and monitoring for the project will be reviewed during appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 19/11/2014