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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
Link to source
Data sheet
TUNISACIER STEELWORKS
Other links
Summary sheet
Tunisacier Steelworks

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.

Link to source
Summary sheet
Tunisacier Steelworks
Other links
Data sheet
TUNISACIER STEELWORKS

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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