Release date: 16 April 2003
Promoter – Financial Intermediary
Republic of Cyprus/Ministry of Finance
Ministry of Education and Culture
Location
Description
The proposed project consists in the construction and extension of school buildings including special classrooms/laboratories and the installation of information and communication technologies (ICT) equipment in schools.
Objectives
It forms part of the Government MLT plan for the enhancement of education infrastructure of the national education system in Cyprus in line with EU standards.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million
Total cost (Approximate amount)
Some EUR 455 million
Environmental aspects
The project, consisting of the construction and extension of buildings of relatively small size, does not require a formal EIA, has received all relevant permits and includes a number of mitigating measures. These aspects will be verified during appraisal.
Procurement
The promoter follows EU procurement procedures, with all contracts over the relevant thresholds submitted to international tendering with OJEC publication.
Status
Signed - 10/10/2003
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).