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ALGERIAN CEMENT COMPANY

Signature(s)

Amount
€ 66,000,000
Countries
Sector(s)
Algeria : € 66,000,000
Industry : € 66,000,000
Signature date(s)
25/11/2002 : € 6,000,000
25/11/2002 : € 10,142,000
25/11/2002 : € 49,858,000
Link to source
Data sheet
ALGERIAN CEMENT COMPANY
Other links
Summary sheet
Algerian cement company to be created
Related press
More than EUR 60 mio to Orascom Construction Industries (OCI) in Algeria

Summary sheet

Release date
1 February 2002
Status
Reference
Signed | 25/11/2002
20010694
Project name
Promoter - financial intermediary
Algerian cement company to be created
Private sector conglomerate
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 25% of project cost.
Approximately EUR 270 million
Location
Sector(s)
Description
Objectives

Construction and operation of a new cement plant.

The proposed project will respond to the increasing demand for cement in Algeria. Currently, there is a shortage of building materails such as cement and steel rebars in the country.Economically, the new plant will serve the national income, provide job opportunities and long term economic boost.

Environmental aspects
Procurement

The plant will be in line with international standards. An environmental impact study has been carried out and the usual mitigating measures in the operation of cement plants will be taken into consideration.

Procurement procedures will be checked during the appraisal.

Comments

Construction

Link to source
Summary sheet
Algerian cement company to be created
Other links
Data sheet
ALGERIAN CEMENT COMPANY
Related press
More than EUR 60 mio to Orascom Construction Industries (OCI) in Algeria

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).

News & Stories

Link to source
Related press
More than EUR 60 mio to Orascom Construction Industries (OCI) in Algeria
Other links
Data sheet
ALGERIAN CEMENT COMPANY
Summary sheet
Algerian cement company to be created

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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