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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
United Kingdom : € 87,500,000
Ireland : € 162,500,000
Energy : € 250,000,000
Signature date(s)
11/12/2006 : € 87,500,000
11/12/2006 : € 162,500,000
Link to source

Summary sheet

Release date
4 April 2006
Status
Reference
Signed | 11/12/2006
20060080
Project name
Promoter - financial intermediary
Bord Gais Gas Networks
Bord Gáis Éireann
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 250 million
About EUR 570 million
Location
Sector(s)
Description
Objectives

Development of gas transmission and distribution networks in Ireland and Northern Ireland.

To enhance security of gas supply to Northern Ireland by interconnecting its gas transmission system with Ireland, to facilitate gas supplies to new industrial and residential customers in Ireland and Northern Ireland and to increase gas network safety standards.

Environmental aspects
Procurement

Gas transmission interconnector falls under Annex II of the Environmental Impact Assessment directive (85/337/EEC as amended by 97/11/EC). A full EIA including extensive public consultation was carried out as part of the statutory requirements for planning application. The EIA and the proposed mitigating and monitoring measures will be reviewed in detail during appraisal as well as the risk analysis and the promoter's operating safety policies.

Any negative environment impact resulting from the extension/renewal of the gas distribution networks in urban areas is expected to be minimal and limited to the construction period.

All of the main civil works, equipment supply and services contracts have been or will be advertised in the Official Journal of the European Communities and tendered via negotiated procedures. These procedures are in line with the relevant EU legislation and are considered appropriate for the project.

Comments

Electricity, gas and water supply

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).

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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.
Alternatively, the EIB can be contacted through its external offices.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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