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Signature(s)

Amount
€ 60,000,000
Countries
Sector(s)
Germany : € 60,000,000
Urban development : € 15,000,000
Education : € 45,000,000
Signature date(s)
1/12/2004 : € 5,000,000
26/11/2003 : € 10,000,000
1/12/2004 : € 15,000,000
26/11/2003 : € 30,000,000
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Summary sheet

Release date
13 June 2003
Status
Reference
Signed | 26/11/2003
20020715
Project name
Promoter - financial intermediary
Bremen Schulen- und Stadtsanierung
Freie Hansestadt Bremen
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of project costs, up to EUR 110 m
Up to EUR 220 m
Description
Objectives

The project consists of the restoration, reconstruction or modernisation of school buildings in Bremen as well as, to a smaller extent (i.e. to approximately 25%), of urban renewal. The majority of the subprojects will be located in assisted areas.

The project contributes to the improvement of educational facilities by improving the learning environment and by reducing operating costs and of the urban infrastructure in the Free Hanseatic City of Bremen. It mainly supports the educational targets of the Free Hanseatic City of Bremen and upgrades the urban environment of this region. The measures in educational infrastructure and the physical renewal of buildings may also have a positive impact on socio-economic environmental climate and the quality of life of the City of Bremen.

Environmental aspects
Procurement

In all aspects, the educational estate will be improved. Most significantly, decontamination and investment in energy saving materials will help bring about environmental benefits. EU Directive 97/11/EEC does not specifically mention that educational activities require an Environmental Impact Assessment (EIA). However, the amended version requires that in cases where Urban Development projects could be considered to be covered by Annex II of the Directive, the authority responsible is required to provide written determination as to whether an EIA is required or not either on a case by case basis, or according to pre-determined thresholds set by the Member State. This remains to be done. Apart from temporary inconveniences during rehabilitation works no environmental problems may be expected during project implementation.

In respect of procurement for public works, EU Directives (93/37/EEC) are embedded in German Federal Law and procurement will be carried out according to the requirements of EU Directives in respect of Services and Works contracts.

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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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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.

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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 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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