Release date: 12 May 2020
Promoter – Financial Intermediary
HELLENIC GAS TRANSMISSION SYSTEM OPERATOR SALocation
Description
Construction of the Greek section of the Greece-North Macedonia gas interconnector, 55km in length. The North Macedonian side is covered by the project "GAS INTERCONNECTOR GREECE-NORTH MACEDONIA NMPART".
Objectives
The project, only financing the Greek part of the interconnector, will further optimise the use of the Greek national gas transmission system. Additionally, it will enable the North Macedonian part of it to provide security of gas supply and competition between supply sources, by offering diversification of routes and sources.
Sector(s)
- Energy - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 51 million
Environmental aspects
The Greece-North Macedonia pipeline falls under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended 2014/52/EU). The EIA included consideration of potential cross-border impacts and the involvement of the competent authority in response to notification of the project under the Espoo Convention.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, 2014/25/EU, where applicable, as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 8/12/2021
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).