Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives.
13/01/2009
Promoter – Financial IntermediarySchwenk Zement KG
Construction of a 700.000 tons p.a. greenfield cement plant in northern Namibia.
The plant output will address domestic cement demand by substituting relatively expensive imports. The remainder of the production will be sold to southern Angola, Botswana and Zambia, which due to poor domestic infrastructure can be more efficiently supplied from Namibia.
EUR 100 million.
Total costEUR 210 million.
Environmental aspectsA Social and Environmental Study was undertaken, which included a satisfactory level of public consultations. The plant is expected to be built with satisfactory environmental standards.
The borrower, a private company, operates in a liberalised sector open to free market competition. The main equipment and services was tendered amongst specialised international engineering companies.
Signed - 13/11/2009.
Copyright © European Investment Bank 2012
The European Investment Bank is not responsible for the content of external internet sites.
