Release date: 10 November 2009
Promoter – Financial Intermediary
“Projektgesellschaft Wirtschaftsuniversität Wien Neu GmbH”, a special purpose company to implement this project. Its shareholders are the “Bundes Immobilen Gesellschaft (BIG)” (51%), and the public Vienna University of Economics and Business (49%).Location
Description
The project involves the construction of a completely new campus for the Vienna University of Economics and Business to replace the existing, obsolete facilities that are scattered in seven different locations.
Objectives
Make a university campus available to 23,000 students.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million
Total cost (Approximate amount)
Approx. EUR 500 million
Environmental aspects
Universities are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project is covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify the EIA screening decision of the Competent Authority during appraisal.
Procurement
As a public entity, the promoter is required to respect national and European legislation applicable to public authorities’ procurement. The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been tendered in accordance with the relevant EU procurement legislation. The procurement issues will be studied during appraisal.
Status
Signed - 7/05/2010
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).