Release date: 10 March 2010
Promoter – Financial Intermediary
Scotia Gas Networks Ltd. (SGN) through its subsidiaries : Southern Gas Networks plc and Scotland Gas Networks plc
Location
Description
The project is part of SGN’s investment programme covering replacement and expansion of the gas distribution network for the period 2010-2013.
Objectives
The investment is planned to cover schemes in both of SGN’s networks—the Scotland Gas Networks business (i.e. all of Scotland) and the Southern Gas Networks business (i.e. southern England).
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 250 million.
Total cost (Approximate amount)
GBP 500 million.
Environmental aspects
The project activities fall under Annex II of the Environmental Impact Assessment Directive (85/337/EEC as amended in 1997 and 2003), requiring the competent authority to determine the need for an EIA in line with the Directive. The majority of the programme will consist of the renewal of low pressure underground pipes in urban areas contributing to improved safety and the reduction of losses.
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 publication in Official Journal of the European Union where appropriate.
Status
Signed - 20/09/2010
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).