SNAM INFRASTRUCTURE UPGRADE

Promoter – Financial Intermediary

STOCCAGGI GAS ITALIA SPA,SNAM RETE GAS SPA

Location

• Italy

Description

The project is part of the promoters' investment programme for the 2017-2021 period, in relation to their gas transmission and storage activities spread across Italy. It consists of eight distinct project components, including new pipelines - among these the Trans Adriatic Pipeline (TAP) connection to the national grid - and the reconstruction, replacement and modernisation of existing assets - among these the reconstruction of the gas pipeline between Rimini and Sansepolcro.

Objectives

This project will contribute to improved energy security, safety, reliability and gas network operational efficiency in Italy.

Sector(s)

• Energy - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 240 million

Total cost (Approximate amount)

EUR 518 million

Environmental aspects

Based on current information, two of the eight project components fall under Annex I of the EU Environmental Impact Assessment (EIA) Directive and will be subject to a full EIA. The remainder project components are such that they fall under Annex II of the EU EIA Directive, leaving it up to the national competent authority, based on Annex III, to decide whether a full EIA is required. The respective environmental authorisations are expected in 2018-2019.

Procurement

The investments seem to fall under EU public procurement legislation. The Bank will review with the promoters the proposed procurement procedures and request that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation.

Status

Signed - 28/01/2019