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    Reference: 20140240
    Release date: 14 October 2016

    Promoter – Financial Intermediary

    SNTGN TRANSGAZ SA MEDIAS

    Location

    Description

    Financing the first phase of the BRUA gas interconnection project to be implemented by Transgaz

    Objectives

    Enhancing the security of gas supply in the European Union

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Not disclosed.

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    The environmental impact assessment process is in the final stage and authorisation is expected by November 2016. The pipeline is to be routed to avoid environmentally sensitive areas to the extent possible and to follow existing rights of way where appropriate, thus maintaining the integrity of sensitive zones. The impact that can typically be expected is mainly temporary, related to construction works and can usually be well managed by appropriate construction measures.

    Procurement

    The investments fall under EU public procurement legislation. The Bank will review with the promoter the proposed procurement procedures and will require the promoter to ensure that contracts for the implementation of the program have been/shall be tendered in accordance with relevant applicable EU procurement legislation.

    Status

    Signed - 31/10/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Romania Energy