BOCCONI CAMPUS & STUDENT SUPPORT

Promoter – Financial Intermediary

UNIVERSITA COMMERCIALE LUIGI BOCCONI

Location

• Italy

Description

Construction of a new urban campus for Bocconi University. The project will also cover student scholarships and other student financial support put in place by the university.

Objectives

The objectives of the proposed project are: (i) to design and construct a new campus for Bocconi University in Milan and (ii) to provide financial support to students at Bocconi University. Bocconi is a research university of international standing in business, economics, and law. Its research projects are funded by national and supranational institutions.

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

EUR 70 million

Total cost (Approximate amount)

EUR 150 million

Environmental aspects

Universities are not specifically mentioned in the Directive 2011/92/EU on Environmental Impact Assessment (EIA), though the project is covered by Annex II of the Directive in relation to Urban Development. The Bank’s services will verify the screening decisions taken by the Competent Authority, and will review all environmental aspects including potential impacts on nature conservation sites (ex: Natura 2000) during appraisal. The energy efficiency standards to be achieved by the new buildings will also be examined during appraisal.

Procurement

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement. However, the promoter is expected to be a private company not operating in the utilities sector and not having a status of a contracting authority, implying that there are no public procurement related concerns at the outset.

Status

Signed - 11/12/2014