Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20210166
    Release date: 28 September 2021

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    The project concerns the construction and deployment of a submarine cable system in the western Mediterranean interconnecting five European countries (Portugal, Spain, France, Italy and Greece) with five North African countries (Morocco, Algeria, Tunisia, Libya and Egypt) and Turkey. The system will be operated on an open access basis, subject to local regulations. It will have a total length of 8,600 km and will include around 20 landing points in the 11 mentioned countries.

    Objectives

    The project will deploy ultra-high capacity mesh connectivity between the countries of south-west Europe and North Africa. The cable system will also cater to the needs of high-quality and capacity inter-European connectivity. The landing points (including Barcelona, Marseille and Mazara del Vallo), can potentially experience a significant development in ancillary infrastructure (e.g. data centres, connections to other networks). The project will give access to a critical information and communications technology (ICT) infrastructure and enable the participation in the Information Society to the population of countries in the North Africa region (including Tunisia, Morocco, Egypt, Libya and Algeria), as well as five member states (Spain, Portugal, France, Italy and Greece) and Turkey. The investment in innovation and infrastructure contributes to inclusive and sustainable economic growth, favours gender equality and women's advancement in the economy, and increases productivity.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 163 million

    Total cost (Approximate amount)

    EUR 326 million

    Environmental aspects

    Investments in telecommunications projects do not fall under Annex I or II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. In general, the deployment of telecommunication infrastructures have limited environmental effects, apart from minor disturbances during construction, which can be properly mitigated by applying industry-standard measures. For the specific case of submarine cables, the cable landings are usually subject to environmental studies for their approval. This can vary depending on the jurisdiction. The relevant legislations and full environmental details will be analysed during appraisal.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Under appraisal - 2/08/2021

    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

    Algeria Egypt France Greece Italy Morocco Portugal Spain Tunisia Turkey Telecom