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    Signature(s)

    Amount
    € 360,000,000
    Countries
    Sector(s)
    Italy : € 360,000,000
    Energy : € 360,000,000
    Signature date(s)
    19/12/2017 : € 360,000,000

    Summary sheet

    Release date
    25 October 2017
    Status
    Reference
    Signed | 19/12/2017
    20170690
    Project name
    Promoter - financial intermediary
    ITALGAS NETWORK UPGRADE
    ITALGAS RETI SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 360 million
    EUR 730 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project is part of the promoter's on-going investment programme to upgrade and extend its gas distribution networks. The project includes (i) pipeline replacements (ii) extension of the networks with the associated connections and metering (iii) installation of smart meters and (iv) other supplementary investments to optimise and increase the efficiency of network management.

    The project will contribute to improvements in security, safety and reliability of gas supply. The planned investments are aligned with the requirements of the regulatory framework, and should increase network and community safety, improving reliability and reducing the occurrence of leakages.

    Environmental aspects
    Procurement

    Based on their technical characteristics, the planned gas distribution system investment schemes most likely will not require an Environmental Impact Assessment (EIA). The project schemes are expected to have minimal environmental impact. The typically anticipated impacts are mainly temporary and relate to construction works. These impacts can usually be well managed by appropriate measures taken by the construction company in order to avoid unacceptable nuisance to other parties and the public.

    The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, (Directive 2014/24/EU and 2014/25/EU, where applicable, as well as Directive 92/13/EEC and Directive 89/665/EEC) as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - ITALGAS NETWORK UPGRADE
    Publication Date
    22 Jan 2018
    Document language
    Main Topic
    Lending
    Document Number
    79216673
    Document Focus
    Environmental Information
    Project Number
    20170690
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ITALGAS NETWORK UPGRADE
    Publication Date
    30 Dec 2024
    Document language
    Main Topic
    Lending
    Document Number
    238828876
    Document Focus
    Environmental Information
    Project Number
    20170690
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

    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.

    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 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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