Release date: 18 March 2010
Promoter – Financial Intermediary
Parque Escolar E.P.E.
Location
Description
The project comprises the modernisation, remodelling, rehabilitation and extension, furnishing and equipment of schools in mainland Portugal.
Objectives
The project is consistent with EU policy. A well-educated and well-integrated/included population is critical for the current and future economic, intellectual and social development of a country. The project will enhance the human capital stock of Portugal. In addition, the majority of the sub-projects are located in convergence regions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 600 million.
Total cost (Approximate amount)
Currently estimated at EUR 2.7 billion.
Environmental aspects
The project mainly consists of the rehabilitation of existing buildings. Therefore, according to the local planning and approval processes, the competent authorities have requested no EIA due to the size and location of the buildings.
Procurement
The compliance of the promoter’s procurement procedures with EU and national procedures applicable to public authorities will be reviewed during appraisal.
Status
Signed - 27/05/2010
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).