Release date: 16 September 2010
Promoter – Financial Intermediary
Northern Gas Networks (NGN)
Location
Description
Expansion and upgrading of gas distribution network in north-east England - second phase 2011-13.
Objectives
The project will allow the promoter to continue developing the network to meet market growth as well as ensuring that sufficient capacity is available to meet peak demands.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 150 million.
Total cost (Approximate amount)
GBP 360 million.
Environmental aspects
Current information suggests that all the project components will fall under Annex II of the Environmental Impact Assessment Directive (85/337/EEC as amended in 1997 and 2003), requiring the competent authority to determine the need for an EIA in line with the Directive. The promoter's capacity and procedures to ensure compliance with environmental and biodiversity regulations will be assessed during appraisal.
Procurement
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by procurement Directive 2004/17/EC, including the publication in Official Journal of EU where appropriate.
Status
Signed - 7/04/2011