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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Austria : € 50,000,000
Energy : € 50,000,000
Signature date(s)
2/06/2010 : € 50,000,000
Link to source

Summary sheet

Release date
7 January 2010
Status
Reference
Signed | 02/06/2010
20090637
Project name
Promoter - financial intermediary
Verbund 380kV Salzach Neu

Verbund Österreichische Elektrizitätswirtschafts-AG through ist fully-owned subsidiary Verbund-Austria Power Grid AG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 50 million
Up to EUR 100 million
Location
Sector(s)
Description
Objectives

The project concerns the construction of a 380kV transmission line (46km and associated substations) between the Salzach and St Peter substations (from Salzburg up to the German border).

The line will make an essential contribution to security of supply of electricity in the west of Austria and has been identified as part of a TEN-e project of European interest and of a priority axis identified under the 2006 TEN-e guidelines.

Environmental aspects
Procurement

The project falls under the Annex I of EIA directive 85/337 as amended, thus subject to an Environmental Impact Assessment. The project received approval in March 2007 by the competent authority, which was confirmed by the Environment senate and in 2008 by the Supreme Administrative Court. Detailed mitigating measures were requested. On April 2008, the independent environmental tribunal of last instance confirmed a former positive decision of the provincial government of Salzburg and Upper Austria. License was granted.

The promoter is subject to the requirements of the EU Procurement Directive 93/38/EC (as amended by 2004/17/EC). The promoter is committed to compliance and has a good track record. The Bank will further asses the procurement procedures followed.

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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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.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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