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    Reference: 20130536
    Release date: 20 November 2014

    Promoter – Financial Intermediary




    The programme loan aims to fund a range of capex investments in British research-intensive higher education institutions.


    The project concerns the refurbishment of existing teaching and research buildings and construction of new general teaching and residence buildings at the current University of Exeter campuses. The objective is to expand, update and improve the quality of the teaching and research facilities of the university.


    Proposed EIB finance (Approximate amount)

    GBP 70 million (EUR 84 million)

    Total cost (Approximate amount)

    GBP 140 million (EUR 167 million)

    Environmental aspects

    Universities and research institutions are not specifically mentioned in the annexes I and II of the EIA Directive 2011/92/EU and therefore do not require a mandatory Environmental Impact Assessment. 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.


    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.


    Signed - 5/08/2013

    Related tags

    United Kingdom Education