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Country-Plan Projects and Tenders |
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7261 Subject |
200 مليون دولار من بنك الاستثمار اللاوربي لتمويل جزئي لمشروع الاسمدة بالسويس EIB - European Investment Bank to extend $ 200 million soft loan to part finance a new fertilizers project in Suez. |
| Date Published | Wednesday, November 03, 2004 |
| Source Name | Al Hayat |
| Location Name | Suez |
| Description | Chairman of Mopco - Misr Oil Processing Co., Mr. Mohamed Sobhi was quoted in the media announcing that the EIB - European Investment Bank is to extend $ 200 million soft loan to part finance a new fertilizers project in Suez. Measure was declared few days after MIBank was assigned by the company to arrange $ 270 million syndicated loan to back the project. Total estimated project costs are put at $ 400 million. Project owners now include Mopco, holding 60 %, Semadco - El Nasr Co. for Fertilizers, holding 20 % (of which 10 % shares in kind against land & other 10 % for project management), CIHC - Chemical Industries Holding Co., and the Holding Co. for Petrochemicals, each holding 10 %. |
| Sectors Section |
Beneficiary Sectors - Electromechanical Works Electromechanical Works - Construction Projects Integrated works - Agriculture & Food Fertilizers & Agro Chemicals - Industry Fertilizers & Agro Chemicals |
