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        CIMPOR CIMENTOS MODERNIZAÇAO

        Signature(s)

        Amount
        € 60,000,000
        Countries
        Sector(s)
        Portugal : € 60,000,000
        Industry : € 60,000,000
        Signature date(s)
        18/09/2003 : € 60,000,000

        Summary sheet

        Release date
        19 December 2002
        Status
        Reference
        Signed | 18/09/2003
        20020511
        Project name
        Promoter - financial intermediary
        Cimentos Modernização
        A cement and buildings materials group based in Portugal.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 65 million indicatively.
        EUR 130 million indicatively.
        Location
        Sector(s)
        Description
        Objectives

        The project concerns the promoter's medium-term investment programme in Portugal, including the modernisation of three cement plants and three distribution centres, as well as ancillary investments in information and control systems.

        The project forms part of an industrial programme intended to modernise the production facilities and enhance the productivity, efficiency and levels of environmental protection.

        Environmental aspects
        Procurement

        The project is designed to meet all relevant environmental laws and regulation.

        Award of works, equipment supply and services contracts will comply with national and EU legislation.

        Comments

        Cement.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Complaints mechanism

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        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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