Release date: 16 December 2004
Promoter – Financial Intermediary
Selection of Tunisian banks on the basis of financial criteria and in accordance with their ability to fund the projects targeted by the global loan.Location
Description
Credit line for the financing of small and medium-scale ventures carried out by Tunisian private enterprises in sectors covered by the technopoles programme (e.g. renewable energy, biotechnology, pharmaceutical industry, IT, communications technology). It is also planned to set up a line of technical assistance under the Bank's FEMIP Facility.
Objectives
This project forms part of the priority programme for the creation of a national technopole network with a view to meeting the demands of upgrading the country's industrial fabric and developing high value added services. As such, it will complement a project also currently being evaluated by the Bank, which aims to finance public sector schemes planned for the development of the technopole programme.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan from EIB own resources of approximately EUR 75m under the EUROMED II Mandate (2000-2007).
Total cost (Approximate amount)
The Bank will confine its funding to a maximum of 50% of the total cost of each project financed.
Environmental aspects
The projects will comply with EIB rules and borrowers will have to provide the information requested as standard by the Bank. No particular environmental impact is anticipated at the present stage of the project.
Procurement
Usual rules applicable to private sector projects.
Status
Signed - 1/12/2005