Release date: 15 April 2009
Promoter – Financial Intermediary
Portugal Telecom S.G.P.S., S.A.Location
Description
The project consists of the upgrade of the promoter’s network to a Next Generation Network to offer high speed communication services in Portugal.
Objectives
The project contributes to the policy objective of furthering the “Information Society” through the modernisation of fixed telecommunications infrastructure, a key platform for the provision of advanced broadband services.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
To be determined during appraisal.
Environmental aspects
The project will have a minor impact on the environment. The fibre optical cable will be installed inside existing duct infrastructure as far as possible. Any new ducts necessary will be built in urban areas or along main roads. Electronic equipment will be installed inside the promoter’s existing office-type buildings and the network terminations at customer premises.
Procurement
Telecommunications have been excluded from the scope of the EU Directive coordinating the procurement of utilities. The procurement procedures followed by this private sector promoter are considered in the interest of the project and satisfactory to the Bank.
Status
Signed - 28/09/2009
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).