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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

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

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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