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    Reference: 20140610
    Release date: 31 August 2016

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    The project concerns the new construction, extension, rehabilitation and equipment of 21 technical and technological institutes (TTIs), classified at the post-secondary level of education. It is part of a reform programme aiming to introduce a dual system of vocational and professional training in Ecuador.

    Objectives

    The project is eligible for EIB co-finance under the external lending mandate in support of the general principles and policy objectives of the European Union. The key objective of the EU Multi-annual Indicative Programme 2014-2017 for co-operation with Ecuador is sustainable and inclusive growth at local level. Improving the supply of skills demanded in local labour markets is a key objective.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 81 million

    Total cost (Approximate amount)

    EUR 191 million

    Environmental aspects

    A project with similar characteristics within the EU could be classified under Annex II of Directive 2011/92/EU as amended by Directive 2014/52/EU, thus requiring a decision by the competent authority whether or not a formal environmental impact assessment (EIA) process is required. In an EU member state, schools and technological institutes specifically mentioned in the EIA Directive would not normally require an EIA. However, the projects could be covered by Annex II of the Directive in relation to urban development and thus be subject to an EIA. The need for environmental studies and assessment will be reviewed during the appraisal process.

    Procurement

    The promoter is a public authority. The Bank will require the promoter to ensure that any procurement procedures are applied in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

    Status

    Signed - 28/12/2016

    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

    Ecuador Education