Release date: 11 April 2005
Promoter – Financial Intermediary
Syrian Telecommunications Establishment (STE) Contact pointLocation
Description
Construction and operation of switching and transmission components to extend the fixed line telephone network to rural areas.
Objectives
To improve the social and economic situation in rural areas in order to stop the current trend of rural population migrating to urban and sub-urban areas by extending the rural network to poorly served areas.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
Estimated up to EUR 270 million.
Environmental aspects
The entire project concerns mainly occupied areas or roads, hence no significant negative impact is expected. The Bank will review during its due diligence potential critical elements and will assess its compliance with EU environmental standards and policies.
Procurement
All project items earmarked for EIB financing have been internationally tendered including publication in the OJEU.
Status
Signed - 16/12/2005