Release date: 11 November 2015
Promoter – Financial Intermediary
UNIVERSITY COLLEGE CORK
Development of the campus at University College Cork, including construction of new teaching and research infrastructure, information and communications technology (ICT) infrastructure and refurbishment of several existing university facilities.
The purpose of the project is to construct and refurbish the teaching, research and sport facilities of the University College Cork (UCC). The project will include the construction of the new Dental School building and a new Science and Innovation Park. The project will also include renovation of student accommodation and teaching and research facilities. The aim is to improve the quality of teaching, learning and academic research at the university by updating the facilities. The project will contribute to human capital formation and research, development and innovation (RDI) capabilities in Ireland. The ultimate beneficiaries are the students and staff of the university as well as the eventual employers of the graduates and wider society in Ireland.
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 243 million
Universities and research institutions are not specifically mentioned in Directive 2011/92/EU on Environmental Impact Assessment (EIA). An EIA is therefore not required. 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.
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
Signed - 19/07/2016
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).