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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Bosnia and Herzegovina : € 25,000,000
    Industry : € 25,000,000
    Signature date(s)
    26/07/2002 : € 25,000,000
    Link to source

    Summary sheet

    Release date
    10 December 2001
    Status
    Reference
    Signed | 26/07/2002
    20010593
    Project name
    Promoter - financial intermediary
    Lukavac Cement Factory
    The Austrian company Asamer & Hufnagl through its subsidiary Alas International Baustoffproduktions AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 30 million
    Up to EUR 60 million
    Description
    Objectives

    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).

    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.

    Environmental aspects
    Procurement

    The investment of new equipment and installations will be in full compliance with EU standards of environmental protection.

    EIB's usual procurement procedures for private sector projects.

    Comments

    Cement Industry

    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).

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    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.
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