Release date: 18 May 2002
Promoter – Financial Intermediary
Municipality of BucharestLocation
Description
The project is an educational estate rehabilitation programme in the city of Bucharest, comprising the upgrading of 100 schools.
Objectives
The operation would assist the efforts of the Romanian Government to reduce the considerable pressure on their central budget, while providing valuable improvement for the educational infrastructure in the capital city.
Comments
Education
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 75 M
Total cost (Approximate amount)
EUR 150 M
Environmental aspects
Educational projects are not specifically mentioned under Annex I or Annex II of Directive 97/11/EC, however they can fall under Annex II as Urban Development projects. The project is dealing mainly with rehabilitation of educational buildings and usually an EIA is not required. The Bank will ascertain during the appraisal if the Romanian Environmental Authorities require an EIA for the project.
Procurement
Works to be procured in accordance with Bank's rules – to be assessed during appraisal.
Status
Signed - 7/10/2003
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).