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        SCIENCE AND EDUCATION DEVELOPMENT LOAN

        Signature(s)

        Amount
        € 250,000,000
        Countries
        Sector(s)
        Poland : € 250,000,000
        Services : € 250,000,000
        Signature date(s)
        30/12/2005 : € 250,000,000

        Summary sheet

        Release date
        9 June 2005
        Status
        Reference
        Signed | 30/12/2005
        20050199
        Project name
        Promoter - financial intermediary
        Science and Education Development Loan
        Republic of Poland acting through the Ministry of Finance
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 250 million
        EUR 500 million
        Location
        Sector(s)
        Description
        Objectives

        The Project will support the implementation of public scientific and university based academic development.

        The Framework Loan will fund part of the State’s budgetary contribution to support investment expenditures connected with the implementation of public scientific and university based academic research where activities are deemed important for the development and accumulation of knowledge and the expansion of the Polish Knowledge Based Economy. Under this Facility the Bank may finance (i) capital investment expenditures (ii) research grants for scientists and (iii) eligible wage costs.

        Environmental aspects
        Procurement

        Schemes will be designed in accordance with relevant Polish and EU environmental regulations including Environmental Impact Assessments where appropriate.

        The Bank will require the Promoter to ensure that contracts for the implementation of the individual projects have been/shall be tendered in accordance with the applicable EU and national law.

        Comments

        Regional development and social and economic cohesion; Common interest – R&D and human capital (education)

        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).

        General enquiries and comments

        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.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        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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