Release date: 25 May 2005
Promoter – Financial Intermediary
Egyptian Natural Gas Co., CairoLocation
Description
The project consists of two high-pressure pipeline sections from El Tina to Abu Sultan (62 km) and from Dashour to El Kureimat (88 km).
Objectives
The objective is to strengthen the gas transmission system in view of the increasing gas demand in the country.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million.
Total cost (Approximate amount)
EUR 102 million.
Environmental aspects
The two pipelines are planned mainly to cross desert zones, as well as some agricultural and residential areas. The Bank has requested the promoter to carry out formal environmental impact assessments, which will be reviewed during appraisal.
Procurement
The Bank will require the promoter to tender contracts to be financed by EIB in accordance with the Bank’s principle procurement rules, with which the promoter is familiar, including international competitive tendering with publications in the Official Journal of the EU.
Status
Signed - 6/07/2005
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).