Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20130514
    Release date: 1 April 2014

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    The project consists of the development of a corrugated packaging plant in Tangier, comprising a corrugator and three additional converting lines for the production of cardboard packaging.

    Objectives

    The proposed operation will support the key mandate objective of private sector development both directly and indirectly, in particular through increased local added value.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Proposed EIB finance (Approximate amount)

    EUR 10 million

    Total cost (Approximate amount)

    EUR 31 million

    Environmental aspects

    Although the exact location is still to be determined, it will almost certainly be either on an existing Industrial Estate, or in an area already zoned for light manufacturing. In addition, the scale of the plant and the nature of the operations make it unlikely that an EIA would be required if it were to be located within the EU. The position in respect of national legislation will be confirmed at appraisal.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 15/06/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Morocco Industry