Release date: 19 November 2007
Promoter – Financial Intermediary
Egyptian Natural Gas Holding Company (EGAS) and
Egyptian Natural Gas Company (GASCO), Cairo.
Location
Description
The project comprises the design, construction, commissioning and commercial operation of five large diameter pipelines with a total length of c. 835 km reinforcing the eastern and southern part of the national high-pressure gas transmission system.
Objectives
The object is to strengthen the national gas transmission system in view of increasing gas demand in the country.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 280 million.
Total cost (Approximate amount)
EUR 588 million.
Environmental aspects
The Bank will request the Promoter to carry out EIAs with appropriate public consultation, which will be reviewed by the Bank.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement.
Status
Signed - 9/10/2008
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).