UNIVERSITY OF EDINBURGH CAPEX PROGRAMME

Promoter – Financial Intermediary

UNIVERSITY OF EDINBURGH

Location

• United Kingdom

Description

Funding the capital expenditure (Capex) programme of the University of Edinburgh

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)

• Education

Proposed EIB finance (Approximate amount)

EUR 340 million (GBP 250 million)

Total cost (Approximate amount)

EUR 680 million (GBP 500 million)

Environmental aspects

Universities and research institutions are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive (2011/92/EU). An EIA is therefore not required in accordance with this directive. However, parts of the investment 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 impact on Natura 2000 conservation sites as well as operating procedures and systems related to animal testing, genetically modified organisms (GMOs), biosafety hazards and waste 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 - 17/02/2016