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        CARGOLUX FLEET EXTENSION III

        Signature(s)

        Amount
        € 73,597,056.12
        Countries
        Sector(s)
        Luxembourg : € 73,597,056.12
        Transport : € 73,597,056.12
        Signature date(s)
        19/08/2002 : € 36,798,528.06
        13/08/2002 : € 36,798,528.06

        Summary sheet

        Release date
        11 July 2001
        Status
        Reference
        Signed | 13/08/2002
        20010102
        Project name
        Promoter - financial intermediary
        Cargolux Fleet Extension

        Cargolux Airlines International S.A.
        Luxembourg Airport, L-2990 Luxembourg

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 80 million
        EUR 333 million
        Location
        Sector(s)
        Description
        Objectives

        The purchase of two additional B747-400F freighters fitted with RR engines in order to respond to the increasing demand for air cargo capacity.

        The project contributes to both the improvement of transport links between the countries of the EU and the rest of the world and towards the strengthening of the competitiveness of the European airfreight transport industry.

        Environmental aspects
        Procurement

        The project is subject to regulations laid down in the Airport Master Plan

        Appropriate procurement procedures have been followed

        Comments

        Air cargo transport infrastructure

        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).

        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.

        Media enquiries

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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