Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

RECONSTRUC° APRES TREMBLEMENT DE TERRE

Signature(s)

Amount
€ 230,000,000
Countries
Sector(s)
Algeria : € 230,000,000
Composite infrastructure : € 230,000,000
Signature date(s)
11/12/2003 : € 230,000,000
Link to source

Summary sheet

Release date
15 September 2003
Status
Reference
Approved | 23/10/2003
20030249
Project name
Promoter - financial intermediary
Reconstruction programme following earthquake of 21 May 2003
Algerian Government
Proposed EIB finance (Approximate amount)
Loan from EIB own resources of approximately EUR 250 m, plus a technical assistance grant under the FEMIP Mandate.
Description
Objectives

On 21 May 2003, Algeria was hit by its most violent earthquake for 20 years, registering 6.8 on the Richter scale. The resulting damage occurred in the poorer districts of Algiers and, above all, in an area 50 km east of Algiers where the most severely affected towns were Boumerdes, Zemmouri and Réghaia. The death toll reached 2 500, with over 11 000 injured, and numerous residential buildings and social and economic facilities were destroyed.

The project consists of part-financing the programme for the reconstruction of public and private infrastructure. It will focus on a number of sectors in the various Wilayas hit by the earthquake and includes FEMIP Technical Assistance with project preparation, works monitoring, effective use of funds and application of construction standards. The project will take account of population displacement and enable the construction of infrastructure on sites identified in agreement with the Algerian authorities. By contributing to the improvement of people's quality of life, it is in line with the goals set by the Algerian Government and FEMIP.

Environmental aspects
Procurement

Environmental aspects will be examined and the project is expected to have a beneficial impact on regional development and the quality of the urban environment.

Tendering procedures will depend on the scale of the works under the various sub-projects, some of which will be put out to international tender with publication in the OJEC.

Comments

Several sectors are involved: public works, water resources, national education, higher education, health, youth and sport.

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).

News & Stories

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications