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    Signature(s)

    Amount (.*)
    € 28,993,864
    Countries
    Sector(s)
    Montenegro : € 28,993,864
    Education : € 28,993,864
    Signature date(s)
    22/02/2024 : € 10,993,864
    6/11/2019 : € 18,000,000
    (*) Including a € 10,993,864 Investment Grants provided by the COUNTERPART(S) TO BE DETERMINED
    Link to source

    Summary sheet

    Release date
    6 May 2019
    Status
    Reference
    Signed | 06/11/2019
    20180231
    Project name
    Promoter - financial intermediary
    MONTENEGRO EDUCATION PROGRAMME
    MONTENEGRO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 29 million
    EUR 41 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the construction and/or renovation of public education infrastructure including kindergartens, elementary (primary) schools, gymnasium (secondary) schools and vocational education schools in Montenegro. The project also includes provision of new Information and Communication Technologies (ICT) equipment as well as furniture for schools and specific equipment for vocational schools.

    This project is part of an education strategy aimed at upgrading the physical and human capital of schools, with the objective to improve education attainments and learning outcomes.

    Environmental aspects
    Procurement

    The project is expected to be located in locations where existing school and education infrastructure exists or be redeveloping existing brown-field sites that are no longer used. Therefore, potential negative environmental and social impacts are likely to be minor. If situated in the EU, the project would likely fall within Annex II of Directive 2011/92/EU as amended by 2014/52/EU - the Environmental Impact Assessment (EIA) Directive - and therefore be subject to screening. Current Montenegrin EIA legislation would screen the project components prior to providing development consent. The potential impact on any conservation areas will also need to be appraised. The compliance of the procedures in place with the EIB environmental and social standards will be analysed during the appraisal.

    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 and the relevant applicable EU public procurement rules.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - MONTENEGRO EDUCATION PROGRAMME
    Publication Date
    18 Oct 2019
    Document language
    Main Topic
    Lending
    Document Number
    88777461
    Document Focus
    Environmental Information
    Project Number
    20180231
    Sector(s)
    Countries
    Publicly available
    Download now

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    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.
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