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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Serbia : € 50,000,000
Education : € 50,000,000
Signature date(s)
8/06/2010 : € 50,000,000
Link to source

Summary sheet

Release date
8 December 2009
Status
Reference
Signed | 08/06/2010
20090284
Project name
Promoter - financial intermediary
School Modernisation Programme

Ministry of Education
22-26 Nemanjina Street
11000 Belgrade, Republic of Serbia

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 100 million
Location
Sector(s)
Description
Objectives

The support to the education sector will focus on assisting the Republic of Serbia: (i) in developing a strategy for investments in educational facilities; and (ii) developing and improving education infrastructure to be selected according to an investment prioritisation and decision support framework.

The objectives of the project are improved quality of learning conditions for students at all levels of pre-university education, increased equity in the education system and more efficient allocation and investment in physical infrastructure.

Environmental aspects
Procurement

Schools are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project may be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal whether any EIAs are required and the environmental effects of the project.

The Bank will require the Promoter to ensure that all relevant contracts for the implementation of the project have been or shall be tendered in accordance with the relevant EU procurement legislation. The procurement issues will be examined during appraisal.

Link to source

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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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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