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    Reference: 20140506
    Release date: 10 February 2015

    Promoter – Financial Intermediary




    Programme loan for safety, energy efficiency and upgrade of primary and secondary education infrastructure in Italy.


    Improving the learning environment for students and working conditions for teachers reinforces the formation of human capital. An estimated share of 35% of the investments will take place in less-developed regions in Italy.


    Proposed EIB finance (Approximate amount)

    EUR 940 million

    Total cost (Approximate amount)

    EUR 1672 million

    Environmental aspects

    Schools are not specifically mentioned in Directive 2011/92/EU on environmental impact assessment (EIA), though the project may be covered by Annex II of the directive in relation to urban development. During appraisal the Bank’s services will review the procedures in place to guarantee the implementation of the applicable EU directives on environmental matters, notably with specific attention to Directive 2011/92/EU.
    Overall a positive impact is expected on education and social cohesion as the new School Strategy aims to put schools at the centre of community life, as well as to combat forms of social exclusion and degradation.


    The Bank will require the promoter to ensure that the contracts to be implemented have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, Dir. 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EC and 1992/12/EC), with publication of tender notices in the EU Official Journal, as and where required. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.


    Signed - 23/07/2015


    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).

    Related tags

    Italy Education