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Europe Daily Bulletin No. 10221

24 September 2010
Contents Publication in full By article 32 / 34
GENERAL NEWS / (eu) eu/eib
£250 million loan for gas network expansion and upgrade in Scotland and southern England

Brussels, 23/09/2010 (Agence Europe) - On Wednesday 22 September, the European Investment Bank (EIB) announced it had agreed to lend `£250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks. The two companies, wholly owned by Scotia Gas Networks (SGN), will receive £150m and £100m respectively. The loan will be for up to 16 years and will enable replacement of nearly 1,000km of cast iron...

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