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    Reference: 20180237
    Release date: 19 October 2018

    Promoter – Financial Intermediary

    SOCIETATEA NATIONALA DE TRANSPORT GAZE NATURALE TRANSGAZ SA

    Location

    Description

    The project comprises the construction of new onshore natural gas transmission pipeline, which will connect the gas production from the Black Sea with the BRUA (Bulgaria, Romania, Hungary, Austria) gas corridor.

    Objectives

    This project will enhance the security of gas supply in the European Union.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 360 million

    Environmental aspects

    The project falls under Annex I of the Environmental Impact Assessment (EIA) Directive, the environmental impact assessment process has been completed, and the promoter has received the environmental and construction permits. The pipeline will 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. An assessment of the potential environmental and social impacts along with checking alignment with the EIA Directive, as well as with the Habitats and Birds Directives (2009/147/EC and 92/43/EEC, respectively) will be carried out during the appraisal.

    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 - 17/12/2018

    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