Release date: 29 June 2011
Promoter – Financial Intermediary
Gas Natural SDG SA
Location
Description
Reinforcement and extension of the gas distribution network in several Spanish regions, including convergence areas, during the period 2011-2013.
Objectives
The project will enable the upgrading and expansion of the gas distribution and local transmission infrastructure in several regions, thus strengthening the capacity to meet market growth and peak demand requirements. The major components of the project are: the construction of ca. 800 km of high pressure and 8 000 km of medium and low pressure gas pipelines. In addition, investments in information systems and to enhance asset integrity e.g. by procuring new plant and equipment, and enhancing leakage control systems are contemplated.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1 132 million
Environmental aspects
Some of the subprojects 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.
Procurement
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.
Status
Signed - 7/12/2011
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).