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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Syrian Arab Republic : € 50,000,000
Transport : € 50,000,000
Signature date(s)
22/05/2003 : € 50,000,000
Link to source
Data sheet

Summary sheet

Release date
15 May 2002
Status
Reference
Signed | 22/05/2003
20010662
Project name
Promoter - financial intermediary
Port of Tartous

General Company of the Tartous Port
Contact point: Ministry of Transport

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 50 million
Estimated at some EUR 100 million
Description
Objectives

Upgrading and expansion of the Port of Tartous.

To accommodate better container and general cargo traffic and to introduce more effective working practices with the provision of efficient cargo handling equipment and training of technical staff. To strengthen the country's infrastructure, technology and services, with a view to preparing Syria for its participation in the Euro-Mediterranean Free Trade area to be established in 2010.

Environmental aspects
Procurement

Consisting of civil works inside the existing port breakwaters and provision of cargo handling equipment, the project only has a limited impact on the environment. Specific environmental aspects (such as deposit of dredged materials) will be reviewed in technical studies to be carried out with the detailed design phase of the project.

Procurement of the major civil works and equipment contracts, either financed by the Bank or the Syrian budget, will be through open tenders advertised in the Official Journal of the European Communities.

Link to source
Summary sheet

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).

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