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Signature(s)

Amount
€ 56,540,000
Countries
Sector(s)
Brazil : € 56,540,000
Industry : € 56,540,000
Signature date(s)
21/07/2004 : € 56,540,000
Link to source
Data sheet

Summary sheet

Release date
19 December 2003
Status
Reference
Signed | 21/07/2004
20030318
Project name
Promoter - financial intermediary
Companhia Siderurgica de Tubarão (CST)
Companhia Siderurgica de Tubarão
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approx. USD 70 M (equivalent of EUR 61 m at current exchange rates)
Approx. USD 600 M (equivalent of EUR 523 M at current exchange rates)
Location
Sector(s)
Description
Objectives

The project concerns the construction and operation a liquid steel production line including continuous casting into slabs.

To contribute to the country’s efficient uses of domestic natural resources and positively impact the national economy, creating employment and generating income, while also supporting an EU based company in its development in South America.

Environmental aspects
Procurement

Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures applied as necessary.

In line with EIB guidelines for private industry projects.

Comments

Siderurgy.

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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