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    Signature(s)

    Amount
    € 109,900,000
    Countries
    Sector(s)
    Greece : € 18,979,730
    Bulgaria : € 90,920,270
    Energy : € 109,900,000
    Signature date(s)
    10/10/2019 : € 18,979,730
    10/10/2019 : € 90,920,270

    Summary sheet

    Release date
    2 July 2018
    Status
    Reference
    Signed | 10/10/2019
    20140376
    Project name
    Promoter - financial intermediary
    BEH IGB INTERCONNECTOR
    ICGB AD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 110 million
    EUR 240 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of the financing of the Greece-Bulgaria gas interconnector (IGB Interconnector) to provide another direct link between the national natural gas systems of Greece and Bulgaria.

    The project will contribute to the enhancement of the security and the diversification of gas supplies for both Bulgaria and Greece and Southeastern Europe (SEE region) and represent a key part of the strategy for greater integration of gas markets within the European Union.

    Environmental aspects
    Procurement

    It is a requirement that all sub-projects must be implemented in compliance with EU environmental legislation and the promoter has identified those sub-projects for which it considers an environmental impact assessment (EIA) is required. Should any sub-project have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. These matters will be clarified during the appraisal.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/25/EU and related Directive 92/13/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - BEH IGB INTERCONNECTOR
    Publication Date
    21 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    86757810
    Document Focus
    Environmental Information
    Project Number
    20140376
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - BEH IGB INTERCONNECTOR
    Publication Date
    16 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    86213705
    Document Focus
    Environmental Information
    Project Number
    20140376
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - BEH IGB INTERCONNECTOR - Environmental Impact Assessment (EIA) Study
    Publication Date
    16 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    86922632
    Document Focus
    Environmental Information
    Project Number
    20140376
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - BEH IGB INTERCONNECTOR - Environmental Impact Assessment (EIA) Report
    Publication Date
    16 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    86211099
    Document Focus
    Environmental Information
    Project Number
    20140376
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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 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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