SCHOOL UPGRADE EXTRAORDINARY PROGRAMME

Promoter – Financial Intermediary

MINISTERO UNIVERSITA E RICERCASCIENTIFICA E TECNOLOGICA

Location

• Italy

Description

Programme loan for safety, energy efficiency and upgrade of primary and secondary education infrastructure in Italy.

Objectives

Improving the learning environment for students and working conditions for teachers reinforces the formation of human capital. An estimated share of 35% of the investments will take place in less-developed regions in Italy.

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

EUR 940 million

Total cost (Approximate amount)

EUR 1672 million

Environmental aspects

Schools are not specifically mentioned in Directive 2011/92/EU on environmental impact assessment (EIA), though the project may be covered by Annex II of the directive in relation to urban development. During appraisal the Bank’s services will review the procedures in place to guarantee the implementation of the applicable EU directives on environmental matters, notably with specific attention to Directive 2011/92/EU.
Overall a positive impact is expected on education and social cohesion as the new School Strategy aims to put schools at the centre of community life, as well as to combat forms of social exclusion and degradation.

Procurement

The Bank will require the promoter to ensure that the contracts to be implemented have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, Dir. 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EC and 1992/12/EC), with publication of tender notices in the EU Official Journal, as and where required. 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.

Status

Signed - 23/07/2015