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Reference: 20030318
Release date: 19 December 2003

Promoter – Financial Intermediary

Companhia Siderurgica de Tubarão

Location

Description

The project concerns the construction and operation a liquid steel production line including continuous casting into slabs.

Objectives

To contribute to the country’s efficient uses of domestic natural resources and positively impact the national economy, creating employment and generating income, while also supporting an EU based company in its development in South America.

Comments

Siderurgy.

Sector(s)

Proposed EIB finance (Approximate amount)

Approx. USD 70 M (equivalent of EUR 61 m at current exchange rates)

Total cost (Approximate amount)

Approx. USD 600 M (equivalent of EUR 523 M at current exchange rates)

Environmental aspects

Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures applied as necessary.

Procurement

In line with EIB guidelines for private industry projects.

Status

Signed - 21/07/2004

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).

Related tags

Brazil Industry