Release date: 16 July 2007
Promoter – Financial Intermediary
Walsall College
St Paul’s Street
Walsall WS1 1WY
United Kingdom
Contact Name: Jatinder Sharma
Location
Description
The project consists of the construction and equipping of a new college facility opposite the existing main site in the town centre. The existing main site, which is in need of upgrading, is to be sold and leased back for three years while the new facility is under construction.
Objectives
The project is a core part of an ongoing investment programme at Walsall College to expand, improve and rationalise its infrastructure, in order to provide the student population with improved quality of education and to expand accommodation facilities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 9.6 million. (under an existing Education Framework Facility with Barclays Bank plc, London)
Total cost (Approximate amount)
Up to GBP 64.4 million.
Environmental aspects
Council Directive 97/11/EEC on Environmental Impact Assessment (EIA), as amended by 2003/35, does not specifically mention facilities for higher education, but these could in some circumstances be seen as urban development projects. (thus falling under Annex II of the Directive) The project by virtue of its nature, size and location appears unlikely to have a significant effect on environment. The basis for requesting (or not) an EIA by the competent authorities, the local planning and approval process and actual/possible significant impacts on protected flora and fauna (Habitats’ and Birds’ Directives) will be verified during project appraisal.
Procurement
English Further Education colleges, including Walsall College, are required by the Learning and Skills Council to follow EU procurement guidelines.
Status
Under appraisal - 16/07/2007
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).