Algerian cement company to be created

Promoter – Financial Intermediary

Private sector conglomerate

Location

• Algeria

Description

Construction and operation of a new cement plant.

Objectives

The proposed project will respond to the increasing demand for cement in Algeria. Currently, there is a shortage of building materails such as cement and steel rebars in the country.Economically, the new plant will serve the national income, provide job opportunities and long term economic boost.

Comments

Construction

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

Up to 25% of project cost.

Total cost (Approximate amount)

Approximately EUR 270 million

Environmental aspects

The plant will be in line with international standards. An environmental impact study has been carried out and the usual mitigating measures in the operation of cement plants will be taken into consideration.

Procurement

Procurement procedures will be checked during the appraisal.

Status

Signed - 25/11/2002