Release date: 17 August 2009
Promoter – Financial Intermediary
Public sector.Location
Description
Acquisition of sites and the design, construction, equipping and upgrading of around 230 school facilities in Greece, including asbestos decontamination of identified schools and structural reinforcement of buildings to better protect against earthquake damage.
Objectives
By contributing to the modernisation of the schools estate, the project will contribute to human capital formation and economic and social development in Greece. As a result of the project the quality of educational services delivery as well as the efficiency of resource allocation in the Greek school system will be improved.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 190 million.
Total cost (Approximate amount)
EUR 380 million.
Environmental aspects
Schools are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project can be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal the EIA screening decision taken by the Competent Authority.
Procurement
The Bank will require the promoter to ensure that all relevant contracts for the implementation of the project have been or shall be tendered in accordance with the relevant EU procurement legislation, with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 25/10/2010
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).