Release date: 25 September 2008
Promoter – Financial Intermediary
Groupe Chimique Tunisien (GCT)
Location
Description
The project concerns a programme for upgrading some of GCT's facilities to Tunisian environmental standards, in line with international best practice, in order to eliminate or reduce the environmental impact of GCT's activities. It is designed:
- in Skhira, 50km north Gabès, to reduce sulphur dioxide emissions into the atmosphere, upgrade phosphogypsum dumps and stop hydrofluoric emissions into the sea;
- in M’Dhilla, 100 km west of Gabès, to reduce sulphur dioxide emissions into the atmosphere;
- these measures are supported by a series of small environmental improvement and monitoring schemes.
Objectives
The project will have a positive environmental impact. It will therefore meet the objectives of the Barcelona Procees and the Action Plan for Tunisia (2007-2013) and will be eligible for FEMIP financing.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 55 million from the Bank's own resources under the ENPC/MED Mandate (2007-2013).
Total cost (Approximate amount)
Around EUR 120 million.
Environmental aspects
The project is located in the basic chemical industry and aims to improve the environmental conditions at existing facilities. Its compliance with EU environmental standards will be established at the time of the project appraisal.
Procurement
In accordance with the procurement rules for projects financed by the EIB, EU procurement directives do not apply to this project.
Status
Signed - 19/12/2008
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).