Framework Facility for Education PPP

The project includes the financing of a number of PPP schools projects designed to improve school buildings in Northern Ireland. The Bank is proposing to establish a Framework Facility to enable it to support a range of small and medium sized projects, either directly or intermediated through other acceptable financial institutions.It is envisaged that projects will be financed throughout Northern Ireland. DE’s programmes are designed to ensure that the allocation of resources is based entirely on educational need.

Objectives

The modernisation of school and other educational infrastructure is a key policy priority within Northern Ireland. The Policy Framework for Public Private Partnerships in Northern Ireland, published by the Office of the First Minister and Deputy First Minister in February 2003, identifies PPP as an important means of delivering this investment. The underlying objective for the education system is to ensure the highest possible standard of education for all children and provision of suitable educational facilities is one of the essential ingredients that will help achieve this.

Comments

Sector(s)

Health, Education

Proposed EIB finance (Approximate amount)

Approximately GBP 150 million (EUR 218,56 million)

Total cost (Approximate amount)

To be determined

Environmental aspects

To be reviewed during appraisal.

Procurement

All projects financed under the facility are expected to be procured in conformity with relevant EU Directives. Details will be verified during the appraisal of individual projects.

Status

Signed - 10/03/2008.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Modernisation of schools and complementary facilities in Northern Ireland

E-mail

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Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero-tolerance against fraud and corruption

The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.