Release date: 9 June 2009
Promoter – Financial Intermediary
Metro AG
Location
Description
The project consists of the design, the construction and the operation of several wholesale stores across Vietnam.
Objectives
The project will help to improve the efficiency of Vietnam’s wholesale distribution system and thereby will contribute to contain inflationary pressure while improving the health and sanitary conditions in the distribution chain. The project will also support the European presence in Asia through Foreign Direct Investments and through transfer of technology and know-how from EU.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 47 million.
Total cost (Approximate amount)
The total project cost is up to EUR 96 million.
Environmental aspects
An EIA is required by the national legislation of Vietnam for the awarding of the operating permit. According to national legislation, these stores cannot be located in sensitive or protected areas. The EIA local procedure, which is similar to the criteria for the EIA Directive in EU, includes public hearings and annual inspections. The EIA’s approval, for each store, will be a loan disbursement condition.
Procurement
The promoter is a private company not covered by EU Directives on procurement.
Status
Signed - 15/09/2009
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).