Release date: 28 January 2005
Promoter – Financial Intermediary
Federal State of Sachsen-AnhaltLocation
Description
The project concerns the financing of Sachsen-Anhalt’s expenditure for public-sector research for the period 2004-2008. Investments mainly concern basic and applied research carried out by the five large German research institutions.
Objectives
By co-financing public R&D investments the project will assist Germany, and by extension the EU, in improving essential research capability. The proposed operation would be fully in line with the Bank’s priority of lending to projects in R&D and innovative downstream investment. As such, the project would qualify under the EU Growth Initiative.
Comments
Research & Development
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300m
Total cost (Approximate amount)
EUR 600m
Environmental aspects
The project complies with relevant EU and national environmental legislation.
Procurement
The promoter is required to respect national and European legislation applicable to public authorities procurement.
Status
Signed - 8/07/2005