Release date: 8 April 2014
Promoter – Financial Intermediary
SCOTIA GAS NETWORKS LTDLocation
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