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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    France : € 200,000,000
    Education : € 200,000,000
    Signature date(s)
    21/07/2025 : € 200,000,000

    Summary sheet

    Release date
    16 May 2025
    Status
    Reference
    Signed | 21/07/2025
    20240516
    Project name
    Promoter - financial intermediary
    REGION SUD EDUCATION III
    REGION PROVENCE-ALPES-COTE-D'AZUR
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    EUR 417 million
    Location
    Sector(s)
    Description
    Objectives

    The project involves the construction and renovation of the upper-secondary schools under the responsibility of the Provence-Alpes-Côte-D'Azur Region in France.

    The aim is to modernise and upgrade schools in the region to meet evolving local needs, enhance reception facilities for high school students, strengthen the infrastructure's resilience to climate change impacts, and improve the energy efficiency of the region's school buildings.

    Additionality and Impact

    The new and upgraded infrastructure financed by the EIB will accelerate the modernisation of teaching and learning environments in terms of pedagogical appropriateness, energy efficiency, quality, health and safety, improving the provision of upper-secondary education. The Project will therefore help to address market failures in education by financing infrastructure that will promote positive externalities, including inclusive economic growth and increased knowledge, productivity, climate and environmental externalities.


    The EIB's advice ensures the technical and economic quality of the investment through the disbursement conditions. Monitoring reports will ensure compliance with disbursement conditions and undertakings.


    In terms of financial contribution, the customised terms offered by the EIB are very appreciated due to the possibility to convert and revise interest rates and flexible drawdowns.


    Environmental aspects
    Procurement

    The Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52/EU)does not specifically cover educational activities, 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, educational facilities may fall under Annex II of the Directive with respect to Urban Development. The EIB will further 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 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 also verified during the appraisal.

    The promoter shall ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, where applicable, 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. Information on awarded main suppliers/contractors for the implementation of the envisaged operation is not available.

    Milestone
    Under appraisal
    Approved
    Signed
    26 June 2025
    21 July 2025

    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) - REGION SUD EDUCATION III
    Publication Date
    1 Jul 2025
    Document language
    Main Topic
    Lending
    Document Number
    243936616
    Document Focus
    Environmental Information
    Project Number
    20240516
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

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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.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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