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        EFACEC - MODERNIZACAO E INOVACAO (RDI)

        Signature(s)

        Amount
        € 27,000,000
        Countries
        Sector(s)
        Portugal : € 27,000,000
        Services : € 13,500,000
        Industry : € 13,500,000
        Signature date(s)
        17/11/2004 : € 13,500,000
        17/11/2004 : € 13,500,000

        Summary sheet

        Release date
        28 April 2004
        Status
        Reference
        Signed | 17/11/2004
        20030544
        Project name
        Promoter - financial intermediary
        Industrial investment and research, development and innovation (RDI)
        A Portuguese capital goods manufacturer.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        A loan on own resources.
        Estimated at EUR 40 m.
        Location
        Sector(s)
        Description
        Objectives

        Financing of a time slice of the promoter's investments in :

        • industrial capacity : expansion and modernisation of production lines ;
        • RDI investments to develop new products, change production processes and modernize production capacity in the areas of power systems, industrial logistics, telecommunications and electronics equipment.

        Regional development, enhanced competitiveness and fostering integration with the EU, both through direct investments in physical capital and RDI.

        Environmental aspects
        Procurement

        EU Directive 97/11 will be complied with in full. Minor incremental impact on the environment is expected, given that no new industrial sites are envisaged.

        Procurement directives do not apply to this private industry project.

        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).

        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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