Construction on the 2.2Mta plant in M'sila, a joint venture between Hodna Algerian Cement Co (HACC) and PPC (South Africa), will start soon, according to Abdelkrim Mansouri, director general of the National Investment Development Agency.
Nearly DZD28bn, or 80 per cent of the investment will be financed by Algerian banks, while the balance is funded by the two partners. Signed in February 2014, the agreement also entrusts PPC with the management of the works.
