Release date: 1 February 2002
Promoter – Financial Intermediary
Private sector conglomerateLocation
Description
Construction and operation of a new cement plant.
Objectives
The proposed project will respond to the increasing demand for cement in Algeria. Currently, there is a shortage of building materails such as cement and steel rebars in the country.Economically, the new plant will serve the national income, provide job opportunities and long term economic boost.
Comments
Construction
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 25% of project cost.
Total cost (Approximate amount)
Approximately EUR 270 million
Environmental aspects
The plant will be in line with international standards. An environmental impact study has been carried out and the usual mitigating measures in the operation of cement plants will be taken into consideration.
Procurement
Procurement procedures will be checked during the appraisal.
Status
Signed - 25/11/2002
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).