"Building Schools for the Future" Public/Private Partnership Investment Loan

Promoter – Financial Intermediary

Partnerships for Schools

Location

• United Kingdom

Description

Investment loan for English education Public/Private Partnership projects procured under the "Building Schools for the Future" programme.

Objectives

The "Building Schools for the Future" programme, launched by the English Government in 2004, is aimed at rebuilding or remodelling every state secondary school in England (around 3,500 in total).

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

Up to GBP 300 million.

Total cost (Approximate amount)

Up to GBP 600 million.

Environmental aspects

In principle, educational projects are not covered by Directive 97/11/EC but they can be included in the Annex II as Urban Development projects. The need of an EIA is to be clarified during appraisal.

Procurement

All projects are being procured following the established UK PFI procedures.

Status

Signed - 6/07/2009