Release date: 29 July 2008
Promoter – Financial Intermediary
Northern Gas Networks Limited.Location
Description
The operation is part of NGN’s investment program in its gas distribution network covering the period 2008-2010. The investment is in phase with the gas distribution price control period set out by the UK regulator, starting first of April 2008 for a period of 5 years.
Objectives
The proposed programme aims at supporting sustainable safety, environmental and customer service standards set by EU and national legislation. The project will therefore contribute to improving the quality of life of the population in the Northern part of England.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 150 million.
Total cost (Approximate amount)
The total cost of the investment program for the period 2008-10 is estimated at GBP 390 million
Environmental aspects
Based on current information, the investment program falls under Annex II of the Environmental Impact Assessment directive (85/337/EEC as amended by 97/11/EC), leaving it to the competent authority to decide on the need for an EIA. During appraisal, the Bank will review the results of possible EIAs, mitigation and compensation measures and any effect on conservation sites (Natura 2000). In line with the Bank's guidelines, the promoter's capacity and procedures to ensure compliance with environmental and biodiversity regulations will be assessed during appraisal.
Procurement
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by procurement Directive 2004/17/EC, including the publication in Official Journal of EC where appropriate. Detailed procedures applied by the promoter will be reviewed during the appraisal.
Status
Signed - 16/12/2008
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).