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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    España : € 25,000,000
    Educación : € 25,000,000
    Signature date(s)
    19/06/2014 : € 25,000,000

    Summary sheet

    Release date
    14 June 2010
    Status
    Reference
    Signed | 19/06/2014
    20090496
    Project name
    Promoter - financial intermediary
    Baleares Infraestructura Educación.

    Comunidad Autónoma de las Islas Baleares (CAIB)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 50 million.
    Up to EUR 200 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the co-financing of a large number of mostly small public investments in the schools estate of the Islas Baleares. The programme comprises the new construction, expansion and the rehabilitation or modernisation of the existing school infrastructure throughout the four islands.

    The purpose of the programme is to (i) improve the quality of CAIB’s pre-university educational infrastructure; (ii) expand the capacity of CAIB’s pre-university schools to face the fast school-age population growth experienced in the last decade in the islands; and (iii) respond to a different distribution of the student population in the islands.

    Environmental aspects
    Procurement

    Educational facilities are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project may be covered by Annex II of the Directive in relation to urban development. During appraisal the Bank’s services will verify whether any EIA is required and the environmental effects of the project.

    The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been or shall be tendered in accordance with the relevant EU procurement legislation. The procurement procedures will be examined during appraisal.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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

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