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    Reference: 20140468
    Release date: 3 June 2015

    Promoter – Financial Intermediary

    MINISTERE DU DÉVELOPPEMENT DURABLE ET DES INFRASTRUCTURES

    Location

    Description

    Financing of secondary general and vocational education facilities, as well as the future national library

    Objectives

    The aims are to increase the quality of teaching, learning and academic research in the schools and the library by updating the facilities. The ultimate beneficiaries are the students and staff of the schools as well as wider society in Luxembourg. The new buildings are designed to meet high energy-efficiency standards.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 696 million

    Environmental aspects

    Schools and research facilities are not specifically mentioned in Directive 2011/92/EU on environmental impact assessment (EIA), amended by Directive 2014/52/EU. An EIA is therefore not required in accordance with the EIA Directive. 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. Potential impact on Natura 2000 conservation sites as well as operating procedures and systems related to animal testing and waste management will also be checked.

    Procurement

    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 (Directive 2004/18/EC and/or Directive 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 4/12/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Luxembourg Education