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Reference: 20130494
Release date: 8 April 2014

Promoter – Financial Intermediary

SCOTIA GAS NETWORKS LTD

Location

Description

Investments to upgrade Scotia Gas Network's gas distribution networks – 2014-17

Objectives

The project is part of the Promoter’s on-going investment programme to upgrade the gas distribution networks in its concession areas. The investments subject to financing are focused on the replacement of metallic pipes by polyethylene pipes, which will permit a reduction in methane leaks, safety improvements and better management of peak demands, and new customer connections.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 468 million (GBP 400 million)

Total cost (Approximate amount)

EUR 1008 million (GBP 861 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 national and EU procurement provisions defined for entities operating in the water, energy, transport and postal services sectors.

Status

Signed - 14/10/2014

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).

Related tags

United Kingdom Energy