Release date: 5 October 2005
Promoter – Financial Intermediary
Tunisian enterprises in the industrial, service and tourism sectors.Location
Description
The operation consists of a credit line to selected Tunisian banks and leasing companies. These institutions will be chosen on the basis of banking criteria and in accordance with their ability to finance the projects targeted by the global loan.
The projects targeted in the abovementioned sectors consist of small and medium-scale ventures involving the creation, modernisation, expansion and rehabilitation of local enterprises.
Objectives
The project meets the objectives of the reinforced Facility for Euro-Mediterranean Investment and Partnership (FEMIP) with regard to private sector development, the strengthening of the financial sector and industrial modernisation.
Comments
Industry, Services, Tourism, Health and Education.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 120 million loan from the Bank's own resources under the FEMIP Euromed II Mandate, of which EUR 50 million for leasing companies (Tranche A) and EUR 70 million for banks (Tranche B).
Total cost (Approximate amount)
The Bank will limit its funding to a maximum of 50% of the cost of each project financed.
Environmental aspects
All sub-projects financed under the proposed loan must meet the EIB's requirements with respect to global loans and comply with the relevant national legislation, which is comparable to current EU directives. In certain specific cases, approval by the National Environmental Protection Agency will be required.
Procurement
Usual rules applicable to private sector projects financed under global loans.
Status
Signed - 1/12/2005
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).