Release date: 10 December 2001
Promoter – Financial Intermediary
The Austrian company Asamer & Hufnagl through its subsidiary Alas International Baustoffproduktions AGLocation
Description
The project concerns the modernisation and extension of the existing cement factory in Lukavac (North-East of Bosnia, near Tuzla) in the context of its recent privatisation to a foreign investor (Alas International Baustoffproduktions AG).
Objectives
The proposed project will increase the competitiveness of Lukavac Cement, and hence benefit the liberalization of the domestic cement market. A well-functioning cement market, in turn, will benefit a number of infrastructure projects, which play a crucial role in the reconstruction of the country.
Comments
Cement Industry
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 30 million
Total cost (Approximate amount)
Up to EUR 60 million
Environmental aspects
The investment of new equipment and installations will be in full compliance with EU standards of environmental protection.
Procurement
EIB's usual procurement procedures for private sector projects.
Status
Signed - 26/07/2002