BLUERAMAN SUBMARINE CABLE (EIB-20240867)

Regions
  • Africa
  • Europe and Central Asia
  • Middle East and North Africa
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Algeria
  • Greece
  • India
  • Italy
  • Jordan
  • Saudi Arabia
  • Tunisia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 19, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
TELECOM ITALIA SPARKLE SPA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 27.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 27.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 23 million
Converted using 2026-02-04 exchange rate.
Project Cost (USD)
$ 236.02 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200 million
Converted using 2026-02-04 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 5, 2026

Disclosed by Bank Dec 29, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project concerns the completion of the implementation of the Blue-Raman submarine cable system, which is a 12,700 km fibre optic cable that will connect Europe to India, crossing through the Middle-East, and landing in the east coast of Africa along the way. The project scope will specifically include the promoter's share of the following parts of the Blue-Raman system: 1) the part of the main trunk from Palermo, Italy to Tel-Aviv, Israel, the branches serving Algiers, Algeria, Bizerte, Tunisia, Chania, Greece and Yeroskipou, Cyprus; 2) the part of the terrestrial crossing between Aqaba, Jordan and Dubai, Saudi Arabia; and 3) the main trunk from Dubai to Mumbai, India, and the branch serving Djibouti. In total, these elements represent around 9,250 km of fibre optic cable. The project will also include a sub-system dedicated to the interconnection of the research and education institutions in the targeted regions, enhancing global research collaboration and innovation.

The objective of the grant is to future-proof and increase the resilience of the interconnection of Asian, African and Middle East research and academic communities with their European counterparts, and among them directly without passing through the GÉANT network in Europe as it is the case today, in support of its international scientific collaborations. GÉANT will get the right of use of a portion of a fibre pair on the Blue-Raman submarine cable, as opposed to a simple link with a certain capacity, meaning that this research and education "sub-system" could be upgraded up to the physical maximum according to the latest technology at each moment in time, and could also be re-configured to adapt to the evolving connectivity needs of the participating entities, for example changing the routes defined or the capacity allocation. Access to this level in a network, under a cost-oriented model, is reserved to the owners of the system and anchor tenants committing to substantial investments. The Blue-Raman system includes the following components: 1) a Mediterranean segment (called "Blue"), from France to Israel; 2) a terrestrial crossing from Israel to Jordan and Saudi Arabia; and 3) a Red sea / Indian ocean segment (called "Raman") from Saudi Arabia to India.

Investments in telecommunications projects do not fall under Annex I or II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. Usually, the deployment of telecommunication infrastructures have limited environmental effects, apart from minor disturbances during construction, which can be properly mitigated by applying industry-standard measures. For the specific case of submarine cables, the cable landings are usually subject to environmental studies for their approval. This can vary depending on the jurisdiction. The relevant legislations and full environmental details will be analysed during appraisal.

The vast majority of the project's procurement has been completed. The promoter has selected a European vendor, Alcatel Submarine Networks for the project's largest component which is the supply and implementation of the submarine cable. The supplier selected for the Submarine Line Terminal Equipment is the American firm Infinera, one of the world leaders in the sector. The rest of the contracts are not significant. The procurement of the project has been carried out in compliance with the EIB's guide to procurement for operations in the private sector. The promoter is a private entity without exclusive rights and therefore it is not subject to public procurement rules. The promoter will make payments to the contractors.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - TELECOM ITALIA SPA Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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