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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Egypt : € 50,000,000
    Energy : € 50,000,000
    Signature date(s)
    6/07/2005 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    25 May 2005
    Status
    Reference
    Signed | 06/07/2005
    20040425
    Project name
    Promoter - financial intermediary
    GASCO Gas Pipeline III
    Egyptian Natural Gas Co., Cairo
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million.
    EUR 102 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of two high-pressure pipeline sections from El Tina to Abu Sultan (62 km) and from Dashour to El Kureimat (88 km).

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

    Environmental aspects
    Procurement

    The two pipelines are planned mainly to cross desert zones, as well as some agricultural and residential areas. The Bank has requested the promoter to carry out formal environmental impact assessments, which will be reviewed during appraisal.

    The Bank will require the promoter to tender contracts to be financed by EIB in accordance with the Bank’s principle procurement rules, with which the promoter is familiar, including international competitive tendering with publications in the Official Journal of the EU.

    Link to source

    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).

    News & Stories

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    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.
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    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.

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