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Signature(s)

Amount
€ 60,000,000
Countries
Sector(s)
Spain : € 60,000,000
Industry : € 60,000,000
Signature date(s)
12/05/2009 : € 60,000,000
Link to source

Summary sheet

Release date
30 January 2009
Status
Reference
Signed | 12/05/2009
20080472
Project name
Promoter - financial intermediary
Cementos Molins Energy Efficiency

Cementos molins SACementos molins SA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 60 million.
Estimated to be around EUR 125 million.
Location
Sector(s)
Description
Objectives

The project concerns the modernisation of an existing cement plant located in Sant Vicenç dels Horts, 10 km from Barcelona, Catalonia.

The project consists in the construction and operation of a single 4100 t/d state of the art production line, which would replace 3 existing production lines. The project makes efficient use of certain parts of the existing plant (cement mill, packaging, and storages).

Environmental aspects
Procurement

The project falls under Annex II of EU directive 97/11 as amended and an EIA has been prepared. Authorisation (construction license) has already been obtained from the competent authorities. The project also implies significant environmental improvements.

The promoter, a private company, operates in a liberalised sector open to free market competition and is not subject to EU Procurement Directives. The promoter obtains main equipment and services for its project via negotiated procedures amongst specialised engineering companies. This procedure is in the best interests of the project, in terms of quality, prices and timely implementation, and it is therefore in line with the Bank’s procurement policy.

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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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.

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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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