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    Reference: 20060546
    Release date: 3 October 2007

    Promoter – Financial Intermediary

    University of Aberdeen
    King’s College Aberdeen
    AB24 3FX United Kingdom
    Attn. Ms Irene Bews
    Director of Finance

    Location

    Description

    Construction of a library, sporting facilities and medical teaching facilities for the University of Aberdeen.

    Objectives

    The new library, sporting and medical teaching facilities will allow the University to achieve its strategic goals of continued development of research, learning, teaching quality, improving the study and research facilities necessary for institutional sustainability.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to GBP 28 million. (under an existing Education Framework Facility with Barclays Bank plc, London)

    Total cost (Approximate amount)

    Up to GBP 97 million.

    Environmental aspects

    Council Directive 97/11/EEC on Environmental Impact Assessment (EIA), as amended by 2003/35, does not specifically mention facilities for higher education, but these could in some circumstances be seen as urban development projects (thus falling under Annex II of the Directive). The necessity for an EIA by the competent authorities, the local planning and approval process and actual or possible impacts on protected flora and fauna (Habitats’ and Birds’ Directives) will be verified during project appraisal.

    Procurement

    The situation for the University of Aberdeen will be verified during project appraisal. It is expected that - for procurement purposes – the Project will be governed by public sector procurement rules and the Bank will therefore require the Promoter to ensure that contracts for the implementation of the Project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

    Status

    Under appraisal - 3/10/2007

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    United Kingdom Health