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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Austria : € 200,000,000
Services : € 60,000,000
Education : € 140,000,000
Signature date(s)
16/06/2009 : € 60,000,000
16/06/2009 : € 140,000,000
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Summary sheet

Release date
8 September 2006
Status
Reference
Signed | 16/06/2009
20050628
Project name
Promoter - financial intermediary
BIG Universitäten Infrastrukturausbau
Bundesimmobiliengesellschaft mbH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 200 million.
Up to EUR 407 million.
Location
Sector(s)
Description
Objectives

The Project comprises investments in the construction and the refurbishment of a number of university facilities in Austria including Vienna, Graz, Innsbruck and Salzburg.

Investments in university and higher education facilities are key to the knowledge-driven economy and essential in fostering employment creation, growth and social cohesion. The Project covers investments supporting the development of human capital. The Project therefore is eligible under Article 267 point (c) human capital (education) and the Innovation-2010-Initiative (education and research).

Environmental aspects
Procurement

Education facilities are not included in the Council Directive 97/11/EC on Environmental Impact Assessment. In some cases, Annex II of the Directive may apply for Urban Development projects. This will be reviewed during appraisal.

The procedures to be applied by the Promoter will comply with EU Council Directives applicable to public authorities procurement and with national legislation. A revision of the Promoter’s procurement procedures for this Project will be carried out during the appraisal.

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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).

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.

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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 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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