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    Signature(s)

    Amount
    € 600,000,000
    Countries
    Sector(s)
    Portugal : € 600,000,000
    Education : € 600,000,000
    Signature date(s)
    27/05/2010 : € 600,000,000
    Link to source

    Summary sheet

    Release date
    18 March 2010
    Status
    Reference
    Signed | 27/05/2010
    20090620
    Project name
    Promoter - financial intermediary
    Modernizaçäo Parque Escolar II

    Parque Escolar E.P.E.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 600 million.
    Currently estimated at EUR 2.7 billion.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the modernisation, remodelling, rehabilitation and extension, furnishing and equipment of schools in mainland Portugal.

    The project is consistent with EU policy. A well-educated and well-integrated/included population is critical for the current and future economic, intellectual and social development of a country. The project will enhance the human capital stock of Portugal. In addition, the majority of the sub-projects are located in convergence regions.

    Environmental aspects
    Procurement

    The project mainly consists of the rehabilitation of existing buildings. Therefore, according to the local planning and approval processes, the competent authorities have requested no EIA due to the size and location of the buildings.

    The compliance of the promoter’s procurement procedures with EU and national procedures applicable to public authorities will be reviewed 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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