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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Ireland : € 40,000,000
Services : € 11,200,000
Education : € 28,800,000
Signature date(s)
27/08/2019 : € 11,200,000
27/08/2019 : € 28,800,000
Link to source

Summary sheet

Release date
18 January 2019
Status
Reference
Signed | 27/08/2019
20180831
Project name
Promoter - financial intermediary
RCSI EDUCATION & RESEARCH BUILDING
ROYAL COLLEGE OF SURGEONS IN IRELAND
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 89 million
Location
Sector(s)
Description
Objectives

The project involves the demolition of an existing building and construction of a new building providing modern teaching and research facilities to support the continuing development of the Royal College of Surgeons in Ireland (RCSI) and its St Stephen's campus in Dublin. The new project will enable the introduction of a new medical curriculum and the use of new pedagogical techniques to improve learning outcomes, create state-of-the-art research laboratories and consolidation of other departments and courses into RCSI's central campus.

The proposed project is designed to assist the Promoter to further enhance its capacity and readiness to contribute to human capital formation and to carry out research and development with beneficial effects for the knowledge economy in Ireland.

Environmental aspects
Procurement

The Council Directive 2011/92/EU as amended by Directive 2014/52/EU on Environmental Impact Assessment (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 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 EIB as being a private entity not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

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) - RCSI EDUCATION & RESEARCH BUILDING
Publication Date
24 Apr 2019
Document language
Main Topic
Lending
Document Number
89947273
Document Focus
Environmental Information
Project Number
20180831
Sector(s)
Regions
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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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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