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Practical informations / Guarantee fund / Industrial depollution fund “FODEP” |
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Industrial depollution fund “FODEP”
Purpose:
Financing depollution projects for industrial and small-size enterprises.
Eligible projects:
- Downstream projects: reducing pollution by setting up units to process and eliminate liquid and solid waste, as well as gas emissions.
- Integrated projects: alongside reducing pollution, saving resources (water, energy…etc...) and using clean technology.
Beneficiary companies:
Industrial or small-size enterprises producing significant amounts of pollution, with a balance not exceeding MD 400,000,000.
Cost of projects:
MD 15,000,000 maximum per individual project and MD 30,000,000 per joint project.
Financing projects:
The FODEP II finances 20 or 40% of projects through twin-donations to bank loans, as shown in the following table:
| Resources |
Projets en aval |
Integrated projects |
| Company capital stock or contribution |
20% au minimum |
20% au minimum |
| FODEP II donation |
40% |
20% |
| Bank loan |
20% à 40% |
20% à 60% |
Duration of loan:
2 years minimum
Rate:
Market rate for medium and/ or long term investment loans.
Securities:
Set on the basis of risk.
Financing procedure:
- Submitting project to the FODEP cell at the Department of the Environment to be processed.
- Financial study by the relevant bank.
- CCG grants funds through the bank.
