Release date: 22 July 2003
Promoter – Financial Intermediary
Tunisacier S.A., part of the Riva GroupLocation
Description
The project involves the modernisation and expansion of an existing metallurgical plant, currently producing galvanised steel sheets, to transform it into a rolling and coated steel production centre, fully integrated with the parent’s Group’s overall upstream and downstream operations.
Objectives
The objective is to enlarge the product range of the mill, enabling it to produce a much broader variety of cold-coated coils.
Comments
Steel.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 75 million
Environmental aspects
Studies on the impact of each element of of the project, as well as appropriate mitigating measures are presented to the competent Tunisian Authorities (Agence Nationale pour l’Environnement) and are approved individually. The project is expected to have relatively little environmental impact.
Procurement
Usual procedure of international consultation with a few specialised engineering companies. This procedure, usual in this industry, is in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.
Status
Signed - 9/10/2003
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).