Release date: 16 February 2009
Promoter – Financial Intermediary
Various universities and research institutions located in the federal State of Sachsen-Anhalt.
Location
Description
The purpose of the project is to co-finance the Federal State of Sachsen-Anhalt’s eligible recurrent wage costs of scientists and academic workers employed in public scientific institutes and public universities and colleges as well as outlays for capital investments in research infrastructure and scientific equipment during the period 2009-2011.
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 320 million.
Total cost (Approximate amount)
Indicative amount EUR 700 million.
Environmental aspects
Because the RDI projects will be carried out within existing science facilities, detrimental effects on sites of nature conservation are unlikely. It is, therefore, not expected that any RDI component will require an EIA as defined by EU Directive 97/11/EC. This will be verified during appraisal.
Procurement
Germany has adopted the relevant EU Directives into national law. All investments will be open to interested contractors on the basis of fair competition and non-discriminatory terms. Notably for contracts exceeding the relevant thresholds, tender notices will be published in the OJEU.
Status
Signed - 22/12/2009
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).