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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    Egypt : € 40,000,000
    Credit lines : € 40,000,000
    Signature date(s)
    21/11/2006 : € 40,000,000
    Link to source

    Summary sheet

    Release date
    27 April 2006
    Status
    Reference
    Signed | 21/11/2006
    20050630
    Project name
    Promoter - financial intermediary
    Egyptian Pollution Abatement (EPAP) II
    Egyptian Environmental Affairs Agency
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million.
    EUR 145 million.
    Location
    Sector(s)
    Description
    Objectives

    Global loan to finance pollution abatement investments of industrial enterprises, predominantly in the greater Alexadria and greater Cairo areas.

    The investment programme aims at pollution reduction in the emissions of air and effluent pollutants of up to 75% for the involved industries.

    Environmental aspects
    Procurement

    Investments concern pollution abatement in existing industries. Some industries could solve their problems through introduction of clean technology. As most investments are expected within the premises of existing industries very few, if any, are expected to require an EIA.

    Procurement procedures will be in line with the EIB’s guidelines for procurement.

    Comments

    Environment/ 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).

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    General enquiries and comments

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    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.

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    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.

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    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.

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