Release date: 10 September 2013
Promoter – Financial Intermediary
ITALGAS SOCIETA ITALIANA PER IL GAS SPASNAM SPA
Location
Description
Development and upgrading of the Promoter's gas distribution networks in Southern Italy (Puglia, Calabria and Sicily), replacement of cast iron pipes in Rome, Naples and Venice, upgrading and replacement of meters principally by smart meters.
Objectives
The project will enable the Promoter to cater for demand growth, reduce losses, and to improve quality, reliability and efficiency of the gas distribution system. It is also in line with several EU legislative measures promoting smart metering in electricity and gas.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 625 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 investments under the project are subject to the procurement provisions defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sectors.
Status
Signed - 24/10/2013
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).