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Signature(s)

Amount
€ 45,000,000
Countries
Sector(s)
France : € 45,000,000
Services : € 22,500,000
Education : € 22,500,000
Signature date(s)
29/11/2023 : € 22,500,000
29/11/2023 : € 22,500,000
Link to source

Summary sheet

Release date
22 May 2023
Status
Reference
Signed | 29/11/2023
20230149
Project name
Promoter - financial intermediary
CENTRALE SUPELEC - BREGUET
CENTRALESUPELEC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 45 million
EUR 127 million
Location
Sector(s)
Description
Objectives

The project concerns the renovation and upgrading of one of the main buildings on the Campus of Paris-Saclay, located in the south of Paris.

The implementation of the Campus development programme will assist Centrale Supelec to meet its strategic objective to strengthen its position as a higher education institution of international reputation by increasing the quality of the learning facilities and by providing additional space for its growth ambitions. The expected benefits of the project include well-trained, entrepreneurial graduates, PhD holders and executives as well as expanded research capacity in engineering studies.

Additionality and Impact

The Project creates positive externalities which generate economic returns to society that exceed those to the individuals and the operator. Therefore, the use of public financing is justified to ensure investment levels that are socially optimal. The Project also addresses a market failure with regard to the performance of early-stage research and development activities, for which the operator cannot capture sufficient financial benefits,, justifying public intervention.


CentraleSupelec can only borrow from EIB and CDC. EIB offers a financing with long tenor and grace period, in addition to an affordable pricing.

Environmental aspects
Procurement

Universities are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52/EU), though the project is covered by Annex II of the directive in relation to urban development. The EIB's services will verify the screening decision of the competent authority during appraisal and whether an EIA is required. It is expected that the project will have positive social benefits as education is an element of social cohesion. The public buildings will be required to meet at least the minimum national targets concerning energy efficiency. The design energy performance of the buildings and any specific related targets to be met will be verified during appraisal.

The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU where applicable as well as Directive 92/13/EEC or 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
6 October 2023
29 November 2023
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) - CENTRALE SUPELEC - BREGUET
Publication Date
14 Oct 2023
Document language
Main Topic
Lending
Document Number
175162060
Document Focus
Environmental Information
Project Number
20230149
Sector(s)
Regions
Countries
Publicly available
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