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        MAPESCA

        Signature(s)

        Amount
        € 5,000,000
        Countries
        Sector(s)
        Mauritania : € 5,000,000
        Industry : € 5,000,000
        Signature date(s)
        30/06/2004 : € 5,000,000

        Summary sheet

        Release date
        1 October 2003
        Status
        Reference
        Signed | 30/06/2004
        20010507
        Project name
        Promoter - financial intermediary
        MAPESCA
        MAPESCA
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 6 million
        EUR 8 million
        Location
        Sector(s)
        Description
        Objectives

        Construction of fish processing plant in Nouadhibou designed to process fisheries resources into finished products ready for export.

        To capture the high-end fisheries market through an industrial process which keeps fish fresh until reaching the final consumer.

        Environmental aspects
        Procurement

        The fisheries resources

        required by the project are not obtained by intensive industrial fishing. The fishing methods used by small-scale fishermen (dugout canoes) are selective.
        The inshore fishing fleet is under-employed and its development would promote landings at Nouadhibou within the limits of the port's current capacity.

        Civil engineering and equipment suppliers will be selected on the basis of an international call for tenders in Mauritania and the EU countries. The Bank's rules will be complied with.

        Comments

        Fisheries

        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).

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        Alternatively, the EIB can be contacted through its external offices.
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