Release date: 25 August 2011
Promoter – Financial Intermediary
University of Birmingham
Location
Description
Financing of the capital expenditures of the University of Birmingham, including (a.o.) a new library, a new sports teaching facility and the installation of energy efficiency equipment.
Objectives
The purpose of the project is to finance the refurbishment of teaching, research and support facilities at the campuses of the University of Birmingham. The purpose of the project is to up-date university facilities to a level at which they can best support teaching, learning and research activities of a modern university. The other aim is to improve the energy efficiency of the university estate and thus reduce the carbon footprint of the University.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 75 million
Total cost (Approximate amount)
GBP 200 million
Environmental aspects
The project concerns teaching and research activities that will be carried out mainly within existing university facilities. An EIA is therefore not required in accordance with the EIA Directive 85/337, amended by 97/11 and by 2003/35/EC. However, parts of the investment cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal whether an EIA is required for any component of the project.
Procurement
The promoter is required to respect national and European legislation. The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been tendered, or will be tendered, in accordance with the relevant EU legislation. The procurement issues will be studied during appraisal.
Status
Signed - 21/12/2011
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).