Framework Facility for Education PPP

Promoter – Financial Intermediary

Northern Ireland Department of Education (DE) (for Schools projects only)

Location

• United Kingdom

Description

The project includes the financing of a number of PPP schools projects designed to improve school buildings in Northern Ireland. The Bank is proposing to establish a Framework Facility to enable it to support a range of small and medium sized projects, either directly or intermediated through other acceptable financial institutions.It is envisaged that projects will be financed throughout Northern Ireland. DE’s programmes are designed to ensure that the allocation of resources is based entirely on educational need.

Objectives

The modernisation of school and other educational infrastructure is a key policy priority within Northern Ireland. The Policy Framework for Public Private Partnerships in Northern Ireland, published by the Office of the First Minister and Deputy First Minister in February 2003, identifies PPP as an important means of delivering this investment. The underlying objective for the education system is to ensure the highest possible standard of education for all children and provision of suitable educational facilities is one of the essential ingredients that will help achieve this.

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

Approximately GBP 150 million (EUR 218,56 million)

Total cost (Approximate amount)

To be determined

Environmental aspects

To be reviewed during appraisal.

Procurement

All projects financed under the facility are expected to be procured in conformity with relevant EU Directives. Details will be verified during the appraisal of individual projects.

Status

Signed - 10/03/2008