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Summary sheet

Release date
28 September 2022
Status
Reference
Approved | 14/12/2022
20220451
Project name
Promoter - financial intermediary
ROMANIA HIGHER EDUCATION PROGRAMME LOAN II
PUBLIC ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 400 million
Location
Sector(s)
Description
Objectives

The programme loan includes the construction, extension, renovation and rehabilitation of a selected number of university premises in Romania.

The programme loan would finance the construction, extension, renovation and rehabilitation of a selected number of university premises in Romania. The main objective is to provide better learning conditions for students, as well as improved working and research conditions for university staff, by creating additional capacity in academic and research buildings and by renovating existing spaces that are no longer fit for purpose. These investments are also aimed at adapting infrastructures to new technologies, providing additional or modernised student accommodation, improving accessibility for people with disabilities, and also improving the energy efficiency of buildings. All building construction and renovation projects will be energy efficient and will follow energy efficiency standards. The final beneficiaries for this project are current and future students as well as university staff.

Environmental aspects
Procurement

The Directive 2011/92/EU amended by 2014/52/EU does not specifically mention the need for an Environmental Impact Assessment (EIA) for buildings relating to education, but it may be that some sub-projects can be regarded as urban renewal projects (Annex II of the European Directive). This will be verified for each sub-operation during the appraisal. Directive 2010/31/EU amended in 2018 by Directive (EU) 2018/844 on the Energy Performance of Buildings will be checked during appraisal for each sub-operation on a case-by-case basis.

The Bank will require the Promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant 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.

Related projects
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) - ROMANIA HIGHER EDUCATION PROGRAMME LOAN II
Publication Date
21 Dec 2022
Document language
Main Topic
Lending
Document Number
160630973
Document Focus
Environmental Information
Project Number
20220451
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.
Alternatively, the EIB can be contacted through its external offices.
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Complaints mechanism

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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