UNIVERSITY COLLEGE LONDON CAMPUS DEVELOPMENT

Promoter – Financial Intermediary

UNIVERSITY COLLEGE LONDON

Location

• United Kingdom

Description

The project will finance renovation and extension of certain buildings on University College London's (UCL's) existing Bloomsbury campus, and the first phase in the development of a new 50 000 m2 campus at UCL East. This will be a multi-discipline campus, including experimental engineering and design, laboratories and research facilities, and aiming to foster innovation, new insights and new industries.

Objectives

The proposed project is designed to help University College London contribute to the common European Higher Education Area and the European Research Area by strengthening its teaching and research capabilities.

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

EUR 396 million (GBP 280 million)

Total cost (Approximate amount)

EUR 812 million (GBP 574 million)

Environmental aspects

Universities and research institutions 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. The Bank's services will check during appraisal the screening decision of the competent authority and whether an EIA is required.

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 (Dir. 2004/18/EC and Dir. 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC) and Regulation (EU) No 1336/2013), with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 22/12/2015