Release date: 1 April 2014
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
The project consists of the development of a corrugated packaging plant in Tangier, comprising a corrugator and three additional converting lines for the production of cardboard packaging.
Objectives
The proposed operation will support the key mandate objective of private sector development both directly and indirectly, in particular through increased local added value.
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
- Industry - Manufacturing
Under ELM Guarantee
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
EUR 10 million
Total cost (Approximate amount)
EUR 31 million
Environmental aspects
Although the exact location is still to be determined, it will almost certainly be either on an existing Industrial Estate, or in an area already zoned for light manufacturing. In addition, the scale of the plant and the nature of the operations make it unlikely that an EIA would be required if it were to be located within the EU. The position in respect of national legislation will be confirmed at appraisal.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 15/06/2015
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).