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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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