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        TUNISACIER STEELWORKS

        Signature(s)

        Amount
        € 35,000,000
        Countries
        Sector(s)
        Tunisia : € 35,000,000
        Industry : € 35,000,000
        Signature date(s)
        9/10/2003 : € 35,000,000

        Summary sheet

        Release date
        22 July 2003
        Status
        Reference
        Signed | 09/10/2003
        20020705
        Project name
        Promoter - financial intermediary
        Tunisacier Steelworks
        Tunisacier S.A., part of the Riva Group
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 35 million
        EUR 75 million
        Location
        Sector(s)
        Description
        Objectives

        The project involves the modernisation and expansion of an existing metallurgical plant, currently producing galvanised steel sheets, to transform it into a rolling and coated steel production centre, fully integrated with the parent’s Group’s overall upstream and downstream operations.

        The objective is to enlarge the product range of the mill, enabling it to produce a much broader variety of cold-coated coils.

        Environmental aspects
        Procurement

        Studies on the impact of each element of of the project, as well as appropriate mitigating measures are presented to the competent Tunisian Authorities (Agence Nationale pour l’Environnement) and are approved individually. The project is expected to have relatively little environmental impact.

        Usual procedure of international consultation with a few specialised engineering companies. This procedure, usual in this industry, is in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.

        Comments

        Steel.

        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.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        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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