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    Signature(s)

    Amount
    € 11,000,000
    Countries
    Sector(s)
    Greece : € 11,000,000
    Industry : € 11,000,000
    Signature date(s)
    26/11/2018 : € 11,000,000

    Summary sheet

    Release date
    31 July 2018
    Status
    Reference
    Signed | 26/11/2018
    20170821
    Project name
    Promoter - financial intermediary
    SECURITY PRINTING PLANT CAPACITY EXPANSION
    VERIDOS MATSOUKIS SA SECURITY PRINTING
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 11 million
    EUR 23 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the promoter's research and development (R&D) activities and investments for a new passport and identity (ID) card production line located in Athens, Greece. After the project completion, the promoter will be able to design and manufacture passports, ID cards and driver's licenses with the latest security features such as electronic covers, inlays in the ID-1 and ID-3 format.

    By deploying this new equipment, the promoter is able to provide passports and ID cards, which are better protected against counterfeiting while meeting international quality and security standards and thus improving the competitiveness of its parent company.

    Environmental aspects
    Procurement

    The investments will concern research, development and innovation (RDI) as well as the installation of tools and machines within existing facilities. Therefore, it is unlikely that the project will fall under the Annexes of Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Nevertheless, the environmental details including environmental objectives of the RDI programme will be assessed during the appraisal.

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - SECURITY PRINTING PLANT CAPACITY EXPANSION
    Publication Date
    5 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    86983710
    Document Focus
    Environmental Information
    Project Number
    20170821
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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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.
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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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