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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
France : € 100,000,000
Education : € 100,000,000
Signature date(s)
9/10/2024 : € 100,000,000
Link to source

Summary sheet

Release date
23 February 2024
Status
Reference
Signed | 09/10/2024
20210418
Project name
Promoter - financial intermediary
EDUCATION MONTPELLIER
VILLE DE MONTPELLIER
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 203 million
Location
Sector(s)
Description
Objectives

The project will finance the renovation, extension and new construction of public pre-primary and primary education facilities in the city of Montpellier.

The main objectives are to provide a better learning environment for the youngest students, by upgrading the public education infrastructure, to adapt the pre-primary and primary school network to changes in the local demand and to improve the energy performance of Montpellier's school stock.

Additionality and Impact

The project concerns the renovation, extension and new construction of public pre-primary and primary education facilities in the city of Montpellier. Such investments will accelerate the modernisation of teaching and learning environments and practices in pre-primary and primary education, which is then expected to translate into quality improvements, creating positive externalities with significant benefits in the short and long term, mainly in terms of skills development and upgrading but also improved social cohesion and economic growth. Additionally, the investments targeting climate change mitigation will also have positive externalities, as they contribute to the construction of a more sustainable future.


The Project contributes to the EIB's "Innovation, Digital and Human Capital" Public Policy Goal and "Climate Action and Environmental Sustainability" cross-cutting objective. It is fully aligned with the objectives of the EU's European Education Area 2025 initiative and with the national, regional and municipal priorities in education. In particular, the Project contributes to the city's strategic education plan "Plan école 2030". Furthermore, 100% of the Project's investments support the strengthening of the EU's economic, social and territorial cohesion.


The EIB financing attractive terms and conditions (long maturity, long availability / grace periods, flexible interest rates / disbursements / repayments) cannot be found on the market. In addition, the Bank financing helps diversify the borrower funding structure and lower its average cost of funding

Environmental aspects
Procurement

Directive 2011/92/EU as amended by Directive 2014/52/EU on Environmental Impact Assessment (EIA) does not specifically cover educational activities although educational facilities may fall under Annex II of the Directive with respect to Urban Development. The EIB will verify during appraisal whether an EIA is required by the competent authority. The public buildings will be required to meet at least the energy efficiency targets as defined in Directive 2010/31/EU on the energy performance of buildings and Directive 2012/27/EU on energy efficiency. The project will be appraised and monitored in line with the Bank's policies, including the Environmental and Social Sustainability Framework.

The Bank will require the promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Approved
Signed
8 August 2024
9 October 2024
Link to source
Summary sheet
Other links

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) - EDUCATION MONTPELLIER
Publication Date
13 Aug 2024
Document language
Main Topic
Lending
Document Number
142353117
Document Focus
Environmental Information
Project Number
20210418
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

General enquiries and comments

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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.
Alternatively, the EIB can be contacted through its external offices.
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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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