Release date: 22 August 2007
Promoter – Financial Intermediary
Compagnie des Phosphates de GAFSA (CPG)Groupe Chimique Tunisien (GCT)
Coromandel Fertilizers Ltd. (CFL)
Gujarat State Fertilizers and Chemicals Ltd. (GSFC)
Location
Description
The purpose of the project is to construct and operate a phosphoric acid production plant with a capacity of 360 000 t/year. All production is to be exported to India through long-term purchasing contracts signed by the two Indian project partners in order to supply their fertilizer plants with phosphoric acid. The new plant will be established alongside an existing phosphoric acid plant in Skhira, 50 km north of the town of Gabès.
Objectives
The project will boost the value added generated by one of the country's key raw materials. It will help to create jobs directly and indirectly in one of the country's priority industries and increase foreign exchange earnings. The project will therefore meet the objectives of the Barcelona Process.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 77 million from the Bank's own resources under the ENP/MED Mandate (2007-2013).
Total cost (Approximate amount)
Around EUR 220 million.
Environmental aspects
The project is in the basic chemical industry and, were it located in the EU, would be covered by Annex I to EC Directive 97/11, as amended by Directive 2003/35. Its compliance with European environmental legislation will be established at the time of the project appraisal.
Procurement
The EIB's customary rules and procedures regarding private sector projects will apply.
Status
Signed - 24/03/2009
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).