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    Signature(s)

    Amount
    € 28,000,000
    Countries
    Sector(s)
    Mauritius : € 28,000,000
    Industry : € 28,000,000
    Signature date(s)
    5/08/2009 : € 13,000,000
    21/12/2009 : € 15,000,000
    Link to source

    Summary sheet

    Release date
    25 February 2009
    Status
    Reference
    Signed | 05/08/2009
    20080291
    Project name
    Promoter - financial intermediary
    Mauritius Sugar Industry Reform Project

    Compagnie Sucrière du Sud Ltée
    FUEL Refinery Ltd

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million.
    EUR 61 million.
    Location
    Sector(s)
    Description
    Objectives

    Design, construction and operation of two sugar refineries, related sugar handling and storage facilities, and the expansion of a sugar mill.

    In line with the Multi-annual adaptation strategy (MAAS) for the Mauritian sugar industry, the investment supports the industry in the move to a higher value added content of its produce through the sale of refined rather than raw sugar. The MAAS has been developed with funding from the EC Accompanying Measures for the ACP Sugar Protocol countries.

    Environmental aspects
    Procurement

    An EIA is required by the local legislation for each of the two projects. EIAs have been prepared by the promoters, and can be consulted on the web-site of the Ministry of Environment: http://environment.gov.mu.

    The promoters are private companies and are subject to the EIB’s guidelines on procurement to be adopted in the project in the components financed by the Bank.

    Link to source

    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).

    News & Stories

    Link to source

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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