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Signature(s)

Amount
€ 89,000,000
Countries
Sector(s)
Spain : € 89,000,000
Education : € 89,000,000
Signature date(s)
30/07/2003 : € 18,000,000
30/07/2003 : € 20,000,000
30/07/2003 : € 23,000,000
30/07/2003 : € 28,000,000
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Summary sheet

Release date
18 May 2002
Status
Reference
Signed | 30/07/2003
20010290
Project name
Promoter - financial intermediary
Universidades de Valencia II
Comunidad autónomia de Valencia / Universidades de Valencia
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of the total project cost.
Approximately EUR 190 millions.
Location
Sector(s)
Description
Objectives

The project corresponds to the second and third phase of the second Investment Plan of Universities. This comprises the modernisation and construction of educational infrastructure in the universities of the Autonomous Community of Valencia.

The implementation of the project is expected to generate educational benefits by improving the learning environment of students and will provide modern teaching facilities in terms of infrastructure and tools/equipment. In addition, the project will contribute to provide adequate research infrastructure.

Environmental aspects
Procurement

The promoter is required to respect the environmental regulations imposed by the local laws that transpose European Union directives. In accordance with its normal procedure, the Bank will examine that appropriate measures have been taken as regards environmental protection.

Procurement procedures applied by the promoter are expected to be in compliance with Council Directives applicable to public authorities procurement and national legislation, and will be reviewed during appraisal.

Comments

Education.

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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).

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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