Release date: 18 February 2013
Promoter – Financial Intermediary
ASCOPIAVE SPALocation
Description
The project is part of the Promoter’s on-going investment programme to upgrade and expand its gas distribution networks in some of its concession areas in the Veneto and Lombardy regions. The investments, comprising mainly network expansion, reinforcement and metering upgrades, are aligned with the requirements of the relevant regulatory framework. The project will allow the Promoter to reinforce and continue developing the distribution networks to meet market growth as well as ensuring that sufficient capacity is available to meet peak demand.
Objectives
The project will enable the Promoter to cater for demand growth, reduce losses, and to improve the quality and the reliability of gas supply.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
EUR 145 million
Environmental aspects
Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (2011/92/EU), requiring the competent authority to determine the need for an EIA in line with the Directive.
Procurement
The Promoter tenders works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.
Status
Signed - 20/06/2013
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).