Release date: 27 April 2006
Promoter – Financial Intermediary
Egyptian Environmental Affairs AgencyLocation
Description
Global loan to finance pollution abatement investments of industrial enterprises, predominantly in the greater Alexadria and greater Cairo areas.
Objectives
The investment programme aims at pollution reduction in the emissions of air and effluent pollutants of up to 75% for the involved industries.
Comments
Environment/ Industry.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
EUR 145 million.
Environmental aspects
Investments concern pollution abatement in existing industries. Some industries could solve their problems through introduction of clean technology. As most investments are expected within the premises of existing industries very few, if any, are expected to require an EIA.
Procurement
Procurement procedures will be in line with the EIB’s guidelines for procurement.
Status
Signed - 21/11/2006
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).