Release date: 29 April 2008
Promoter – Financial Intermediary
Cimpor Inversiones, S.A.
Location
Description
Construction of a clinker line at an existing grinding plant.
Objectives
Reduce costs due to the replacement of clinker bought from third parties, strengthen Turkey’s industrial base, and stimulate economic development.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
EUR 120 million.
Environmental aspects
The project would fall under Annex II of 97/11 Directive amended by 2003/35, which leaves the determination on the EIA to national legislation. Based on preliminary EIA studies, the Public Authority decided that a full EIA is not required due to the location within an existing industrial zone and atmospheric emissions of new production to be in line with EU standards.
Procurement
EU procurement legislation would not apply to this private sector project even if the project were located .in the EU.
Status
Signed - 4/12/2009
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).