Release date: 11 February 2015
Promoter – Financial Intermediary
UNIVERSITY OF OXFORDLocation
Description
The Capital Masterplan aims to meet the changing patterns of research and teaching activity that result from changes in the size and shape of the university. Projects financed will include data institutes and infrastructure development on the Old Road Campus site.
Objectives
The Capital Masterplan will provide high quality modern teaching and office-based research facilities that encourage inter-disciplinary and collaborative work, the development of world-leading medical research facilities alongside operational clinical facilities, and the redevelopment of science buildings to meet demand for state-of-the art laboratory-based teaching and research.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 200 million
Total cost (Approximate amount)
GBP 425 million
Environmental aspects
Universities and research institutions are not specifically mentioned in Directive 2011/92/EU on environmental impact assessment (EIA). However, as the project entails the construction of new buildings, it might therefore fall under Annex II of the directive in relation to urban development.
Full environmental details will be assessed during the project due diligence.
Procurement
The promoter has been assessed by the EIB as being a private organisation not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 8/07/2015
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).