Release date: 5 August 2016
Promoter – Financial Intermediary
National Grid Gas Distribution Ltd.Location
Description
The project is part of the promoter's on-going capital and replacement investment programme in its four gas distribution networks in the UK – North West, West Midlands, East of England and North London – for the period Q2 2016-Q1 2019.
Objectives
The replacement of old mains and equipment and the expansion of the gas distribution system are necessary to maintain the standards of service and safety to existing consumers, as well as providing for growth in demand.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
GBP 750 million (EUR 866 million)
Total cost (Approximate amount)
GBP 1576 million (EUR 1819 million)
Environmental aspects
Current information suggests that none of the project components will require an EIA per the Environmental Impact Assessment Directive 2011/92/EU (amended 2014/52/EU).
Procurement
The investments under the project are subject to the national and EU procurement provisions defined for entities operating in the water, energy, transport and postal services sectors.
Status
Signed - 15/02/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).