Release date: 23 September 2008
Promoter – Financial Intermediary
SES S.A.Location
Description
The project concerns the design, construction, launch and insurance of two satellites.
Objectives
The project will improve the capacity to satisfy future demand in HDTV, data and broadband services, promoting European competitiveness in the international satellite industry. Also, it will serve rural areas that are not covered by terrestrial broadband services. Therefore, the project is eligible under Article 267(c) of the EC Treaty in relation to i2i/knowledge economy.
Comments
Satellites and ground stations.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Estimated at EUR 550 million
Environmental aspects
Telecommunication in general or the satellite industry in particular are not listed in the Council Directive (85/337/EC) amended by Directives 97/11/EEC and 2003/35/EC regarding Environmental Impact Assessment and are subject to national legislation only. In general SES is committed to exceed environmental standards in line with the industry practice.
Procurement
EU procurement legislation does not apply to the project.
Status
Signed - 21/04/2009
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).