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    Signature(s)

    Amount (.*)
    € 11,915,984
    Countries
    Sector(s)
    Regional - East Africa : € 3,915,984
    Seychelles : € 8,000,000
    Telecom : € 11,915,984
    Signature date(s)
    4/03/2011 : € 3,915,984
    5/03/2011 : € 8,000,000
    (*) Including a € 3,915,984 Investment Grants provided by the EU-AFRICA INFRASTRUCTURE TRUST FUND
    Link to source

    Summary sheet

    Release date
    20 April 2011
    Status
    Reference
    Signed | 05/03/2011
    20080549
    Project name
    Promoter - financial intermediary
    Seychelles Submarine Cable Project

    Seychelles Cable System Company

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to USD equivalent of EUR 8 million
    USD 35 million
    Location
    Sector(s)
    Description
    Objectives

    The project entails installation and operation of a submarine fibre optic cable connecting the Seychelles internationally.

    The deployment of this submarine fibre-optic cable would result in the development of international telecom transmission capacity to Seychelles. The cable would drastically increase the available capacity to the country, further enabling provisioning of bundled and innovative services such as e-healthcare and e-learning solutions – ones that are critical for distant locations such as Seychelles. The resulting improvements carry also other benefits such as creating favourable business environment. Accordingly, the project would result in a wide range of socioeconomic benefits to the country.

    Environmental aspects
    Procurement

    Telecommunication and specifically submarine cable projects are not specifically listed in EU Directive 97/11/EC as requiring Environmental Impact Assessment (EIA). The conclusion of an ESIAS prepared for the promoter is that with the application of standard mitigation measures and industry best practices in the project design and implementation plans the Project will have a high level of environmental and social acceptability.

    The comparison among the various technical options open to the project and the procurement procedures followed by the promoter for the award of the main contract will be assessed during the appraisal. The EIB will insure that procurement decisions taken are in the best interest of the project and in respect of legal conditions.

    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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