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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Austria : € 50,000,000
    Industry : € 50,000,000
    Signature date(s)
    5/03/2009 : € 25,000,000
    29/01/2008 : € 25,000,000

    Summary sheet

    Release date
    3 April 2006
    Status
    Reference
    Signed | 29/01/2008
    20040721
    Project name
    Promoter - financial intermediary
    Modernisierung Zellstofffabrik Pöls
    Zellstoff Pöls AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Around EUR 50 million
    Around EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    The Project consists of the rebuilding and capacity expansion of an existing pulp mill. It comprises a series of improvements in different locations of the mill in order to eliminate bottlenecks of production and improve the efficiency of the mill's single pulp production line.

    The Promoter's rebuilding and expansion of its activities in Pöls (Styria) is eligible under Article 267 of the EC treaty, point a) Economic and Social Cohesion - Developing or rationalising economic activity.

    Environmental aspects
    Procurement

    The upgrade and expansion of production facilities fall under Annex I of the Directive 97/11/EC, as amended by 2003/35/EC. The promoter has carried out an Environmental Impact Assessment ("EIA") for the project, which is publicly available. Full environmental details will be assessed during appraisal, including the Natura 2000 requirement.

    Public procurement rules and regulations do not apply to this private industry project. The Promoter carries out competitive enquiries among potential suppliers for goods and services, as is usual in the industry.

    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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