Release date: 14 November 2018
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUND
The project concerns the construction, installation, commissioning and operation of a transmission system based on several submarine fibre optic cable segments to link French Guiana with Brazil and Europe.
The project will provide an infrastructure, which will strengthen the capacity and availability of telecom services across the region and particularly the ultra and very high speed fixed broadband services. Accordingly, the project is in line with the Europe 2020 Strategy to foster smart growth and develop an economy based on knowledge and innovation.
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 40 million
Investments in telecommunications projects and particularly submarine cables do not fall under Annex I or II of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Submarine cable projects have limited, localised and short-term environmental effects. The Bank will require the preparation of an Environmental and Social Impact Assessment (ESIA) to ensure that appropriate mitigation measures are adopted. The project is expected to have a positive social impact with better communications enhancing businesses, tourism, education and employment opportunities.
The Bank will require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU or 2014/24/EU as applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.
Approved - 11/12/2018
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).