Summary sheet
The project involves the construction of three cement carrier vessels for the promoter's fleet. The vessels will be constructed and operated in compliance with the International Maritime Organisation (IMO) and EU regulations and will operate under an EU flag.
The project vessels will serve northern European ports, predominantly in the Sulphur Emission Control Areas (SECAs) of the Baltic and North Sea.
The project will support the transport of cement via short-sea shipping. As the alternative transport mode would be road transport, the project contributes to a more sustainable modal split in Europe and helps reducing the overall climate impact of transport. In addition, the project will contribute to the improvement of the environmental performance of the promoter's fleet, with the new vessels operating with significantly better fuel efficiency and reduced emissions of air pollutants. Therefore, the project contributes to sustainable transport and climate change mitigation, in line with the Bank's Transport Lending Policy as well as with EU and EIB objectives on Climate Action.
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement. Procurement was completed through a negotiated procedure between the ship owner and a number of shipyards. The procurement procedures followed by the promoter are suitable for the project and satisfactory to the EIB.
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
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