Release date: 2 December 2013
Promoter – Financial Intermediary
NATIONAL GRID PLCLocation
Description
Reinforcement and extension of the high-voltage transmission grid in Great Britain, with focus on renewables.
Objectives
Reinforcement and extension of the high-voltage transmission grid in Great Britain, with focus on renewables.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 1743 million (GBP 1500 million)
Total cost (Approximate amount)
EUR 4002 million (GBP 3445 million)
Environmental aspects
Some sub-projects fall under Annex I or Annex II of the EIA Directive 2011/92/EU. The impacts that can be typically expected for the Project relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, disturbance during constructions, bird collision/mortality and impact on sea-bed flora and fauna. Environmental impact studies have been carried out as applicable and mitigating and/or compensation measures will be applied as necessary.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the Project are tendered in accordance with the applicable EU procurement legislation (Dir. 2004/17/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 5/11/2014
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).