Release date: 17 August 2006
Promoter – Financial Intermediary
Egyptian Natural Gas Company (GASCO), CairoLocation
Description
The project comprises the design, construction, commissioning and commercial operation of a 120km long high-pressure gas pipeline section between Abu Qurqas, next to the city of Al Minya, and Asyut.
Objectives
The objective is to strengthen the national gas transmission system in view of increasing gas demand in the country.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million.
Total cost (Approximate amount)
EUR 91million.
Environmental aspects
The Bank will request that the Promoter carries out an EIA with appropriate public consultation, which will be reviewed by the Bank.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement.
Status
Signed - 21/12/2006
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).