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EUROPAC INDUSTRIAL PACKAGING PLANT IN TANGIER

Signature(s)

Amount
€ 10,000,000
Countries
Sector(s)
Morocco : € 10,000,000
Industry : € 10,000,000
Signature date(s)
15/06/2015 : € 10,000,000

Summary sheet

Release date
1 April 2014
Status
Reference
Signed | 15/06/2015
20130514
Project name
Promoter - financial intermediary
EUROPAC INDUSTRIAL PACKAGING PLANT IN TANGIER
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 10 million
EUR 31 million
Location
Sector(s)
Description
Objectives

The project consists of the development of a corrugated packaging plant in Tangier, comprising a corrugator and three additional converting lines for the production of cardboard packaging.

The proposed operation will support the key mandate objective of private sector development both directly and indirectly, in particular through increased local added value.

Environmental aspects
Procurement

Although the exact location is still to be determined, it will almost certainly be either on an existing Industrial Estate, or in an area already zoned for light manufacturing. In addition, the scale of the plant and the nature of the operations make it unlikely that an EIA would be required if it were to be located within the EU. The position in respect of national legislation will be confirmed at appraisal.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Under ELM Guarantee
Comments

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

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).

Documents

Environmental and Social Impact Assessment (ESIA) - EUROPAC INDUSTRIAL PACKAGING PLANT IN TANGIER
Publication Date
16 Jul 2014
Document language
Main Topic
Lending
Document Number
52800583
Document Focus
Environmental Information
Project Number
20130514
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - EUROPAC INDUSTRIAL PACKAGING PLANT IN TANGIER
Publication Date
17 Jul 2014
Document language
Main Topic
Lending
Document Number
53708266
Document Focus
Environmental Information
Project Number
20130514
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - EUROPAC INDUSTRIAL PACKAGING PLANT IN TANGIER
Publication Date
27 Jun 2018
Document language
Main Topic
Lending
Document Number
80569659
Document Focus
Environmental Information
Project Number
20130514
Sector(s)
Countries
Publicly available
Download now

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.

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

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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.

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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.

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