Release date: 2 September 2003
Promoter – Financial Intermediary
The North Lanarkshire Council, Motherwell, UK.
Contact: Russell Ellerby.
Location
Description
The purpose of the project is to upgrade part of the North Lanarkshire schools estate by newly build, refurbish and amalgamate into up to 21 new or refurbished primary schools and 3 new secondary schools. Once the new facilities are completed, the private sector will be responsible for maintaining the buildings and providing other, non-educational, services (e.g. grounds maintenance and security) to the Council for a 30 year period.
Objectives
The North Lanarkshire Council, as part of its Education 2010 programme, has adopted the project to improve the learning environment in its area by addressing the fabric of buildings, over-capacity and need for extended use of schools for life long learning and social regeneration. The project is expected as well to have positive impact to the economic regeneration of the local economy, which forms part of an objective 2 area.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 75 million.
Total cost (Approximate amount)
GBP 150 million.
Environmental aspects
The North Lanarkshire Council has built environmental sustainable development and energy efficiency provisions into the procurement process. The project is subject to planning permission that includes the analysis of potential impacts on the environment of the facility. All environmental mitigating measures required by the planning authorities are to be included in the project but no particular environmental impact is foreseen.
Procurement
Publication in the OJEC in October 2002.
Status
Signed - 2/06/2005
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).