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    Summary sheet

    Release date
    28 July 2011
    Status
    Reference
    Under appraisal | 28/07/2011
    20100708
    Project name
    Promoter - financial intermediary
    EBS Universitaet Wiesbaden

    EBS Universitaet fuer Wirtschaft und Recht

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 36 million
    EUR 72 million
    Location
    Sector(s)
    Description
    Objectives

    The project will primarily consist of the redesign and renovation of the former regional court building, a listed building dating back to the 19th century and located centrally in Wiesbaden, to house the headquarters of the new university. An underground parking garage and an entirely new building to house the EBS Law School will be erected in the courtyard of the campus.

    The proposed project is designed to assist the newly established EBS Universität für Wirtschaft und Recht, and by extension the State of Hessen, in improving its readiness to contribute to the common European Higher Education Area and the European Research Area by strengthening the teaching and research capabilities of the university. In particular the project will enable the university to construct a new campus in a listed complex located in the heart of Wiesbaden, the State capital. Accordingly, the project is consistent with EU actions aimed at increasing investment in human capital formation and research. Thus the project is eligible for EIB support under Article 309 of the EC Treaty, point (c) Knowledge Economy (Education & Training and Research & Development).

    Environmental aspects
    Procurement

    Universities are not specifically mentioned in the EIA Directive 85/337/EEC amended by Directive 97/11/EC and 2003/35/EC on Environmental Impact Assessment (EIA), though the project is covered by Annex II of the Directive in relation to Urban Development. The Bank’s services will verify the screening decisions taken by the Competent Authority during appraisal. The energy efficiency standards to be achieved by the new and refurbished buildings will also be examined during appraisal.

    The Bank requires the promoter to ensure that all relevant contracts for the planning, implementation and operation of the project are tendered in accordance with relevant EU procurement legislation. The detailed procurement issues will be studied during appraisal.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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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 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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