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Signature(s)

Amount
€ 78,881,676.49
Countries
Sector(s)
United Kingdom : € 78,881,676.49
Education : € 78,881,676.49
Signature date(s)
5/07/2007 : € 78,881,676.49
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Summary sheet

Release date
29 July 2005
Status
Reference
Signed | 05/07/2007
20050317
Project name
Promoter - financial intermediary
Newcastle Schools PFI2/BSF Project
Newcastle City Council, the UK local authority responsible for the provision of primary and secondary education in Newcastle, an objective 2 regional development area.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 98.25 million (EUR 144.5 million)
Approximately GBP 196.50 million (EUR 289.0 million)
Location
Sector(s)
Description
Objectives

The project combines a six school PFI project with a 10 school BSF project. The City Council will procure the two projects in a single procurement exercise. The following new facilities are foreseen:

  • four primary schools;
  • three special schools;
  • seven secondary schools; and
  • two technology colleges.

This is the second schools PPP project undertaken by the council. The private sector Concessionaire will be responsible for the construction/ refurbishment of the schools, with a range of other sevices, some lasting the 25 year term of the PFI contract.

The project is part of the first wave of the Building Schools for the Future (BSF) programme. BSF is a national initiative in England designed to improve educational attainment by substantially modernising and upgrading the country’s secondary school infrastructure and facilities. The project will assist the Council in improving the quality of educational services delivery and the efficiency of resource allocation in the local school system.

Environmental aspects
Procurement

In principle, the project is not covered by Directive 97/11/EC Annex II, but when the final proposal is known, this may need to be reviewed.

The project concerns works and services under a DBFO contract. EU directives require the concession to be tendered under public procurement rules (Directive 93/38/EEC applies). The project is being internationally competitively tendered through a negotiated procedure following OJEU publication (24.12.2004, 2004/S 251-217041). The ITN was issued to 3 short-listed bidders in June 2005. Appointment of the preferred bidder is foreseen for March 2006.

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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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