Release date: 9 January 2004
Promoter – Financial Intermediary
Kreisausschuss des Kreises Offenbach
Werner-Hilpert-Str. 1
63128 Dietzenbach, Germany
Location
Description
The project will involve the rehabilitation, renovation and partial reconstruction of 88 schools comprising 450 buildings located in the Kreis Offenbach.
Objectives
The improvement of education standards is an important priority for the Kreis Offenbach. By contributing to the modernisation of schools and other educational infrastructure, as well as the upgrading of multi-media, sports and other facilities on school premises, the loan will contribute to human capital formation and economic development in the region.
Comments
Educational sector.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250m.
Total cost (Approximate amount)
EUR 500-550m (Lot West's cost is about EUR 270m; Lot East is expect to be similar).
Environmental aspects
Education construction activities are not specifically mentioned by Council Directive 97/11/EEC, Annex II, in respect of the necessity of an Environmental Impact Assessment (EIA).
Procurement
This project is expected to be procured and awarded in conformity with relevant EU Directives. The procurement was advertised in the Official Journal.
Status
Signed - 27/06/2005
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).