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    Signature(s)

    Amount
    € 70,000,000
    Countries
    Sector(s)
    France : € 70,000,000
    Services : € 23,170,000
    Education : € 46,830,000
    Signature date(s)
    20/12/2022 : € 23,170,000
    20/12/2022 : € 46,830,000
    Link to source

    Summary sheet

    Release date
    19 October 2022
    Status
    Reference
    Signed | 20/12/2022
    20210624
    Project name
    Promoter - financial intermediary
    CAMPUS POLYTECHNIQUE
    ECOLE POLYTECHNIQUE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million
    EUR 212 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the deep renovation and restructuring of Ecole Polytechnique's (EP) main educational building situated at the heart of its campus in Palaiseau, south of Paris, France. The project also comprises the construction of a new laboratory building replacing obsolete facilities, as well as the renovation and modernisation of EP's existing main laboratory building. In addition, the project includes the relocation of several smaller buildings used by EP's technical support team to make space for a green area in line with the plateau's master plan.

    The project is in line with EU public policy goals associated with the European Education Area 2025, the European Higher Education Area and the Horizon Europe framework programme. It contributes to the European Higher Education Area and the European Research Area by providing modern facilities and additional space for quality teaching and research in a key higher education institution in France. The project is therefore eligible under Article 309 c) Common Interest (Innovation, Digital and Human Capital, and Climate Action and Environmental Sustainability)

    Additionality and Impact

    The project addresses a sub-optimal investment situation in public higher education infrastructure in France. The project will improve Ecole Polytechnique's educational and research infrastructure and will enable the promoter to train up to 20% more students in STEM fields and to increase the number of research staff by up to 30%.


    The project will also lead to significant energy savings through the renovation of outdated buildings.


    The EIB financing will allow for a more sizeable investment plan to be undertaken in a shorter time frame than would otherwise be the case.

    Environmental aspects
    Procurement

    The Directive 2011/92/EU amended by the EIA Directive 2014/52/EU on Environmental Impact Assessment (EIA) does not specifically cover university infrastructure, leaving it at the discretion of the responsible competent authorities to request an EIA on the basis of the location and scale of the works concerned. However, university and educational infrastructure may fall under Annex II of the Directive with respect to urban development. The public buildings will be required to at least meet 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. Social and environmental aspects as well as any aspects related to historical and cultural heritage will be verified during the appraisal.

    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 Official Journal of the EU, as and where required.

    Milestone
    Under appraisal
    Approved
    Signed
    24 November 2022
    20 December 2022
    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 Impact Assessment (ESIA) - CAMPUS POLYTECHNIQUE - Etude d'Impact
    Publication Date
    3 Nov 2022
    Document language
    Main Topic
    Lending
    Document Number
    157909819
    Document Focus
    Environmental Information
    Project Number
    20210624
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - CAMPUS POLYTECHNIQUE
    Publication Date
    5 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    160233778
    Document Focus
    Environmental Information
    Project Number
    20210624
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

    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.
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