Release date: 5 March 2003
Promoter – Financial Intermediary
The Federal State of Lower AustriaLocation
Description
The Project relates to the expansion of the Danube University Krems into an international campus university. By year start 2006 the expanded site is due to have seminar and teaching rooms, a research centre and a new library.
Objectives
The project should contribute to improving the quality and range of higher education facilities for post-graduate studies - including teaching and research - in Krems, one of the university education poles with a growing demand in Austria. By providing access to advanced further education, the project will sustain skills acquisition and development contributing to offer equal and open access to high-quality learning opportunities for people of all ages.
Sector(s)
Proposed EIB finance (Approximate amount)
About EUR 35 million
Total cost (Approximate amount)
About EUR 70 million
Environmental aspects
EU Directive 97/11/EEC does not specifically mention that educational activities require an Environmental Impact Assessment; however Annex II of the Directive could consider them as Urban Development projects. Part of the development involves construction on an adjacent green-field site at the base of vineyards. All environmental aspects will be reviewed during appraisal.
Procurement
Procurement will be carried out according to the requirements of EU Directives in respect of Services and Works contracts.
Status
Signed - 1/04/2004
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).