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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Cyprus : € 200,000,000
    Education : € 200,000,000
    Signature date(s)
    10/10/2003 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    16 April 2003
    Status
    Reference
    Signed | 10/10/2003
    20020413
    Project name
    Promoter - financial intermediary
    Primary and Secondary Education Enhancement Project

    Republic of Cyprus/Ministry of Finance
    Ministry of Education and Culture

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 200 million
    Some EUR 455 million
    Location
    Sector(s)
    Description
    Objectives

    The proposed project consists in the construction and extension of school buildings including special classrooms/laboratories and the installation of information and communication technologies (ICT) equipment in schools.

    It forms part of the Government MLT plan for the enhancement of education infrastructure of the national education system in Cyprus in line with EU standards.

    Environmental aspects
    Procurement

    The project, consisting of the construction and extension of buildings of relatively small size, does not require a formal EIA, has received all relevant permits and includes a number of mitigating measures. These aspects will be verified during appraisal.

    The promoter follows EU procurement procedures, with all contracts over the relevant thresholds submitted to international tendering with OJEC publication.

    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).

    News & Stories

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    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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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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