Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 170,000,000
    Countries
    Sector(s)
    Czech Republic : € 170,000,000
    Industry : € 170,000,000
    Signature date(s)
    27/06/2006 : € 170,000,000
    Link to source

    Summary sheet

    Release date
    24 February 2006
    Status
    Reference
    Signed | 27/06/2006
    20050508
    Project name
    Promoter - financial intermediary
    Labe Papir - Opatovice
    Myllykoski OYJ (sponsor and borrower) and Labe Papir (project company).
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 250 million (to be verified during appraisal).
    In the order of EUR 500 million (to be verified during appraisal).
    Location
    Sector(s)
    Description
    Objectives

    Construction of a green-field paper mill with an annual capacity of 380.000 tons in Opatovice.

    The new paper mill will incorporate a multi-grade paper machine and will enhance the promoter’s presence in the CEE markets.

    Environmental aspects
    Procurement

    The investment falls under Annex I of EC Directive 97/11/EC on Environmental Impact Assessment (EIA). The EIA process is currently under way. The promoter will be required to provide copies of the non-technical summaries of the EIA and to implement any recommended mitigating measures to the satisfaction of the Bank.

    Public procurement rules and regulations do not apply to this private industry project.

    Comments

    Paper Industry.

    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).

    News & Stories

    Other links

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications