We judge our success on our students’ success
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Summary sheet
Release date
10 February 2015
Status
Reference
Signed | 23/07/2015
20140506
Project name
Promoter - financial intermediary
SCHOOL UPGRADE EXTRAORDINARY PROGRAMME
MINISTERO UNIVERSITA E RICERCASCIENTIFICA E TECNOLOGICA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 940 million
EUR 1672 million
Description
Objectives
Programme loan for safety, energy efficiency and upgrade of primary and secondary education infrastructure in Italy.
Improving the learning environment for students and working conditions for teachers reinforces the formation of human capital. An estimated share of 35% of the investments will take place in less-developed regions in Italy.
Environmental aspects
Procurement
Schools are not specifically mentioned in Directive 2011/92/EU on environmental impact assessment (EIA), though the project may be covered by Annex II of the directive in relation to urban development. During appraisal the Bank’s services will review the procedures in place to guarantee the implementation of the applicable EU directives on environmental matters, notably with specific attention to Directive 2011/92/EU.
Overall a positive impact is expected on education and social cohesion as the new School Strategy aims to put schools at the centre of community life, as well as to combat forms of social exclusion and degradation.
The Bank will require the promoter to ensure that the contracts to be implemented have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, Dir. 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EC and 1992/12/EC), with publication of tender notices in the EU Official Journal, as and where required. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.
Related documents
Documents
Environmental and Social Data Sheet (ESDS) - SCHOOL UPGRADE INVESTMENT PLAN FRAMEWORK LOAN
Publication Date
29 May 2015
Document language
Main Topic
Lending
Document Number
59389380
Document Focus
Environmental Information
Document Type
Project Number
20140506
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - SCHOOL UPGRADE INVESTMENT PLAN FRAMEWORK LOAN
Publication Date
31 Dec 2023
Document language
Main Topic
Lending
Document Number
180383249
Document Focus
Environmental Information
Document Type
Project Number
20140506
Sector(s)
Regions
Countries
Publicly available
Download now
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News & Stories
Link to source
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Inside the project
How and Why
Support teaching and improve students’ education
Why
- Ensure that millions of euros in investment are deployed in a way that best supports learning and helps children acquire the skills they will need in the future
- Improve the quality of education in Italy by providing better infrastructure and equipment to schools
- Reduce teacher and student anxiety about moving into a new school and cut down the time teachers spend adapting to a new space
How
- An innovative approach to finance education infrastructure which supports teaching and improves students’ education
- The education research institute INDIRE helped Viscontini School teachers and other staff adapt to the new school
- The University of Milan-Bicocca provided two years of coaching, support and guidance to help teachers feel comfortable in the new environment
Sectors & Countries
Teachers play a key role to get students prepared for life after school
Building a modern school
The new Viscontini school, which educates children aged 6 to 11, opened in June 2021. The spaces were built with sustainable materials and ensure good ventilation. Overall, the new school contains:
- 20 classrooms and eight laboratories, including special facilities for music, science and art
- a space dedicated to environmental education
- a gym with a climbing wall and bleachers with 450 seats
- an auditorium with 100 seats
- photovoltaic panels on the roof, which reduces energy consumption and the building’s environmental impact.
Related media
Links
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EIB Global supports Trans-Caspian Transport Corridor with €150 million for road rehabilitation in Kazakhstan
The European Investment Bank (EIB) is providing a €150 million framework loan to Kazakhstan to support the rehabilitation of strategic road infrastructure along the Trans-Caspian Transport Corridor (TCTC), a key route connecting Central Asia and Europe.
Backed by the European Union under the Global Europe (NDICI) framework, the financing will support investments implemented by Kazakhstan's national road operator QazAvtoZhol. The operation will improve transport connectivity, strengthen road safety and climate resilience, and facilitate trade and economic development across the region.
The investment forms part of the European Union's Global Gateway strategy and follows the Memorandum of Understanding signed between the EIB and Kazakhstan in 2024 to strengthen sustainable transport connections between Europe and Asia.
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EIB Vice-President Marek Mora, who oversees the Bank's operations in Central Asia, including Kazakhstan, said:
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EU Commissioner for International Partnerships, Jozef Síkela, stated:
"The Trans-Caspian Transport Corridor is playing an increasingly important role in connecting Europe and Central Asia. Through this investment, and together with our partners, we are supporting the development of safer, more resilient and more efficient transport infrastructure in Kazakhstan. This is a tangible example of Global Gateway in action, strengthening regional connectivity, supporting sustainable economic development and deepening our partnership with Kazakhstan and the wider region."
EU Ambassador to Kazakhstan Aleška Simkić commented:
"The Trans-Caspian Transport Corridor is one of the key priorities under the EU's Global Gateway strategy. Developing efficient, reliable and sustainable transport connections between Central Asia and Europe strengthens trade, enhances economic cooperation and contributes to the resilience of global supply chains. This investment demonstrates the European Union's long-term commitment to fostering connectivity, prosperity, and strong partnerships across the region."
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