12 June 2017
Promoter – Financial Intermediary
INSTITUT EUROPEEN D'ADMINISTRATION DES AFFAIRES
The project supports the construction of new buildings and the rehabilitation of existing buildings at INSEAD's Fontainebleau campus in France from 2018 to 2020. The project represents Phase 1 of a comprehensive campus redevelopment programme planned to be executed in two phases. The objectives of the project are to increase the quality of the study and research facilities, to improve their accessibility and to reduce the energy consumption of the buildings.
The benefits of the project should include: well-trained graduate and postgraduate students, expanded research capacity in economics and business studies, increased income for students and economic benefits associated with a well-educated labour force.
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 83 million
Universities are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52/EU), though the project is covered by Annex II of the directive in relation to urban development. The Bank's services will verify the screening decision of the competent authority during appraisal and whether an EIA is required. It is expected that the project will have positive social benefits as education is an element of social cohesion.
The public buildings will be required to meet at least the minimum national targets concerning energy efficiency. The design energy performance of the buildings and any specific related targets to be met will be verified during appraisal.
The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU where applicable as well as Directive 92/13/EEC or Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Signed - 16/10/2018