Release date: 6 January 2014
Promoter – Financial Intermediary
BANGOR UNIVERSITYLocation
Description
The purpose of the project is to construct new teaching, research and supporting facilities of the Bangor University (BU) in the city of Bangor in the county of Gwynedd in North Wales. The aim is to increase the quality of teaching, learning and academic research at the university by updating the university facilities. The new buildings are designed to be highly energy efficient and meet the highest BREEAM classification. The university has a demonstrated experience on managing and implementing large infrastructure projects.
Objectives
A substantial programme of building and refurbishment will be implemented over the coming years to ensure that the buildings are of high quality and enhance the research, teaching and social learning space in the University. The objectives for the 2012 Estate Strategy are to:
• Deliver a high quality student experience.
• Invest to provide a consistently good, fit for purpose estate.
• Support research, enterprise and sustainability.
• Conserve and enhance the University’s heritage.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 59 million (GBP 50 million)
Total cost (Approximate amount)
EUR 131 million (GBP 112 million)
Environmental aspects
Universities and research institutions are not specifically mentioned in the annexes I and II of the
EIA Directive 2011/92/EU and therefore do not require a mandatory Environmental Impact Assessment. However, parts of the investment cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal whether an EIA is required for any component of the project.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 25/03/2014
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).