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    Reference: 20160661
    Release date: 10 February 2017

    Promoter – Financial Intermediary

    ONE TECH HOLDING

    Location

    Description

    The project concerns the promoter's new product development and capital expenditure programme focusing on cables and mechatronic components.

    Objectives

    The investments aim to improve the promoter's competitiveness and to increase its manufacturing capacities and own value added. The investments will be carried out in Tunisia and to a minor extent in one location in Morocco.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 43 million

    Environmental aspects

    The project may entail the construction of new buildings that might require an environmental impact assessment (EIA) under Tunisian regulation. Environmental details will be assessed during the appraisal.

    Procurement

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

    Status

    Signed - 11/12/2017

    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 Tunisia Industry