GAS TRANSMISSION (EIB-20150815)

Countries
  • Italy
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 15, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
"Italian gas transmission company" - TBD
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 56.22 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 50 million
Converted using 2016-09-15 exchange rate.
Project Cost (USD)
$ 112.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 100 million
Converted using 2016-09-15 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jun 27, 2017

Disclosed by Bank Mar 21, 2016


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Project Description
The EIB is financing the the following components to be implemented over the 2016-2020 period:(i) Construction of a new 75 km-long pipeline (Cellino-San Marco - Section II), between the provinces of Teramo and Fermo in central Italy;(ii) New connections and revamping of old sections of the company's network. According to bank documents, the project will help to improve the security, safety and reliability of gas supply. Most of the components will be located within Italian cohesion priority regions.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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