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Signature(s)

Amount
€ 225,000,000
Countries
Sector(s)
United Kingdom : € 225,000,000
Telecom : € 225,000,000
Signature date(s)
23/12/2009 : € 225,000,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
16 June 2009
Status
Reference
Signed | 23/12/2009
20090045
Project name
Promoter - financial intermediary
Alphasat

Inmarsat Plc.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million.
EUR 493 million.
Location
Sector(s)
Description
Objectives

Alphasat is the first flight (proto-flight) mission for Alphabus, the new European platform for next generation, high power communication satellites. The program is jointly supported by ESA (European Space Agency) and CNES (Centre National d’Etudes Spatiales). The satellite will be positioned at 25 degrees East on a Geostationary Orbit (GSO). The promoter will utilise the operational payload to launch an augmented version of its Broadband Global Area Network, while ESA is also including four Technology Demonstration Payloads in the launch.

As the satellite will cover Europe, the project will improve the coverage for communication services to 100% of the European population and improve the capacity to satisfy future demand in data and broadband services, promoting European competitiveness in the international satellite industry.

Incorporating a number of European innovations, this large telecommunications satellite will push the European satellite industry to the leading position in this segment. Alphasat will extend high-speed data and voice capabilities to remote areas covering Europe, Africa and the Middle East thus forming an essential infrastructure backbone which potentially may have significant spill-over effects in the context of increased research and innovation.

Environmental aspects
Procurement

Telecommunications in general, or the satellite industry in particular, are not listed in the Council Directive (85/337/EEC) amended by Directives 97/11/EEC and 2003/35/EC regarding Environmental Impact Assessment; and are only subject to national legislation. However, the successful launch into space and / or a launch failure may have a residual negative impact on the environment. A detailed assessment of the possible launchers, their environmental practises and the related impact will be done during appraisal.

The promoter is a private company that operates in a competitive sector. The results of the applied selection process will be assessed during appraisal.

Link to source
Summary sheet
Other links

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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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.

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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 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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