Release date: 24 February 2006
Promoter – Financial Intermediary
Myllykoski OYJ (sponsor and borrower) and Labe Papir (project company).Location
Description
Construction of a green-field paper mill with an annual capacity of 380.000 tons in Opatovice.
Objectives
The new paper mill will incorporate a multi-grade paper machine and will enhance the promoter’s presence in the CEE markets.
Comments
Paper Industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million (to be verified during appraisal).
Total cost (Approximate amount)
In the order of EUR 500 million (to be verified during appraisal).
Environmental aspects
The investment falls under Annex I of EC Directive 97/11/EC on Environmental Impact Assessment (EIA). The EIA process is currently under way. The promoter will be required to provide copies of the non-technical summaries of the EIA and to implement any recommended mitigating measures to the satisfaction of the Bank.
Procurement
Public procurement rules and regulations do not apply to this private industry project.
Status
Signed - 27/06/2006