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    Reference: 20150246
    Release date: 2 September 2015

    Promoter – Financial Intermediary

    EUROPEAN ORGANIZATION FOR NUCLEAR RESEARCH

    Location

    Description

    Financing of part of the European Organization for Nuclear Research (CERN) investment activities, related to studies, upgrades and implementation of new systems.

    Objectives

    The High Luminosity Large Hadron Collider (HL-LHC) project represents an upgrade to increase the capacity (luminosity increase) of the current LHC accelerator at CERN. The project concerns the development and construction of accelerator system components, which will be installed in a tunnel 27 km in circumference, some 100 metres below ground, located between the Jura mountain range in France and Lake Geneva in Switzerland.

    Comments

    Sector(s)

    • Services - Professional, scientific and technical activities

    Proposed EIB finance (Approximate amount)

    CHF 250 million (EUR 230 million)

    Total cost (Approximate amount)

    CHF 949 million (EUR 875 million)

    Environmental aspects

    The safety and radiation protection for the CERN installations is regulated by a tripartite convention between CERN, the French Nuclear Safety Authority (ASN) and the Office Fédéral de la Santé Publique Suisse. Given the increase of energy levels, it is expected that the site will require updated operating authorisations; during the due diligence the services will review the requirements and the status of the associated approval processes. Although research infrastructure is not specifically mentioned in Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU, the services will verify if any related requests have been put forward by the relevant authorities, and will review their status along with any other environmental and safety-related issues.

    Procurement

    CERN is an intergovernmental organisation with 21 member states and has defined and implemented the CERN procurement rules for the procurement of supplies and services. Like other large-scale pan-European research infrastructures, the public procurement is not covered by the provisions of the Directive on Public Procurement (2004/18/EC), as it falls under the exemption mentioned under the directive's Article 15 point (c). Nevertheless during the due diligence the services will review that the procedures ensure the best interests of the project.

    Status

    Signed - 19/09/2016

    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

    France Switzerland Services