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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Spain : € 30,000,000
    Education : € 30,000,000
    Signature date(s)
    26/04/2022 : € 15,000,000
    8/06/2021 : € 15,000,000

    Summary sheet

    Release date
    14 June 2021
    Status
    Reference
    Signed | 08/06/2021
    20170560
    Project name
    Promoter - financial intermediary
    IE HIGHER EDUCATION & DIGITALISATION
    INSTITUTO DE EMPRESA SL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 68 million
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the Promoter's investments in software and digitalisation development, the fit-out and equipping of a new university campus, the modernisation and rehabilitation of existing facilities that will be used for teaching, research, offices and student accommodation in Spain.

    The project aims at improving the learning experience of students through digitalisation and newly equipped buildings and increasing the available space for student accommodation. The upgraded facilities will promote learning, which would then translate into better labour market outcomes for the benefit of graduate and postgraduate students and in positive externalities associated with a well-educated labour force.

    Environmental aspects
    Procurement

    Council Directive 2011/92/EU as amended by Directive 2014/52/EU on Environmental Impact Assessments (EIA) does not specifically cover educational activities, leaving it at the discretion of the responsible national authorities to request an EIA on the basis of the location and scale of the works concerned. However, universities - such as the institutes of technology - are likely to fall under Annex II of EIA Directive 2014/52/EU with respect to urban development. Social and environmental aspects as well as any issues related to historical and cultural heritage will be verified during the appraisal. The project will include new buildings, which will comply with the 2010/31/EU Directive on energy efficiency of buildings.

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation Directive 2014/24/EU, then the Bank would require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - IE HIGHER EDUCATION & DIGITALISATION
    Publication Date
    23 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    134683173
    Document Focus
    Environmental Information
    Project Number
    20170560
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - MIDCAP PROGRAMME LOAN SPAIN AND PORTUGAL 2
    Publication Date
    16 Apr 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    82865488
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170572
    Last update
    16 Apr 2018
    Sector(s)
    Credit lines
    Countries
    Portugal
    Publicly available
    Download now

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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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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    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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