Release date: 8 July 2009
Promoter – Financial Intermediary
EVN AGLocation
Description
The project concerns the construction and operation of two high pressure natural gas pipeline sections of 120 km and 147 km respectively in the Federal State of Lower Austria.
Objectives
Replacement and extension of gas transmission pipelines is necessary to maintain and improve the standards of service and safety in the network and to provide for growth in demand.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 125 million.
Total cost (Approximate amount)
EUR 250 million.
Environmental aspects
According to national legislation, the project falls under Annex II requiring the promoter to apply for environmental determination, allowing the competent authority to decide whether an EIA is required. The project consists of 2 separate sections of 120 km (Südschiene) and 147 km (Westschiene) respectively. For the first section, the promoter has submitted an environmental study to the Austrian authorities who have declared that no EIA is required. For the second section, the procedure for environmental determination still has to be completed. The Bank will review environmental issues in line with its guidelines during appraisal.
Procurement
As a majority state owned utility company, the promoter has confirmed that it will 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 - 21/06/2010
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).