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Reference: 20150138
Release date: 12 October 2015

Promoter – Financial Intermediary

UNIVERSITY OF NEWCASTLE UPON TYNE

Location

Description

This project is funding the capex programme of Newcastle University, covering the construction of new infrastructure, such as the Urban Science Building, student accommodation, the Conference and Learning Centre, the National Ageing Science & Innovation Centre, Phase 1 of the new Engineering Building and Phase 2 of the Centre for Dementia, as well as the refurbishment of the University's central Armstrong Building.

Objectives

The purpose of the project is to increase the relevance and quality of teaching, learning and academic research capacity at the University by increasing and improving the overall quality of the existing academic space. The project will contribute to human capital formation and Research, Development and Innovation (RDI) capabilities in the UK.

Sector(s)

Proposed EIB finance (Approximate amount)

GBP 100 million (EUR 142 million)

Total cost (Approximate amount)

GBP 333 million (EUR 474 million)

Environmental aspects

Universities are not specifically mentioned in the EIA Directive 2011/92/EU however the project might 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 impacts on Natura 2000 conservation sites as well as operating procedures and systems related to animal testing, Genetically Modified Organisms (GMOs), biosafety hazards and wastes 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 (Directives 2004/18/EC and/or 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 - 10/02/2016

Disclaimer

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

United Kingdom Education