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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Spain : € 200,000,000
Credit lines : € 16,000,000
Education : € 184,000,000
Signature date(s)
4/11/2013 : € 16,000,000
4/11/2013 : € 184,000,000

Summary sheet

Release date
4 July 2013
Status
Reference
Signed | 04/11/2013
20130119
Project name
Promoter - financial intermediary
YOUTH EMPLOYMENT & EDUCATION INTERMEDIATED LOAN
BANCO SANTANDER SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
Not applicable.
Description
Objectives

Comprehensive intermediated education sector Programme Loan to boost access to education and youth employment in Spain and to improve infrastructure, teaching and research capabilities at selected Spanish universities.

The selected sub-projects under this programme loan will support 3 key objectives. (i) promotion of Higher Education (HE) attainments; (ii) increase in employment opportunities for Spanish youth; (iii) catalyse the involvement of private sector funding in HE.

Environmental aspects
Procurement

Due to the largely immaterial nature of the project (student loans, mobility), most of the sub-projects do not fall under any of the annexes of the Directive 2011/92/EU. Some activities/sub-projects (for instance, in the case of universities’ infrastructure) may comprise capital investment in new research infrastructure. The Bank’s services will verify during appraisal what type of environmental assessment (if any) will be required for any given component of the project as well as any potential impact on nature conservation sites.
As the project will contribute to improved access to Higher Education for those students, who otherwise would not have the financial means, this operation is likely to generate positive social effects.

The promoter is a private company not operating in the utilities sector and not having the status of a contracting authority. It is not covered by EU Directives on procurement.

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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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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