Release date: 6 February 2020
Promoter – Financial Intermediary
The project consists of an investment loan to develop the first phase of the Magurele Science Park, located in the Ilfov county, near Bucharest. It concerns the construction of buildings for technology transfer, innovation and incubation programmes, as well as space for knowledge distribution and workshops.
The operation will contribute towards the Innovation and Skills objective, mainly via the construction of research and development facilities, including Technological Transfer and Innovation centres.
- Services - Professional, scientific and technical activities
Proposed EIB finance (Approximate amount)
EUR 18 million
Total cost (Approximate amount)
EUR 35 million
The Directive 2011/92/EU amended by 2014/52/EU does not specifically mention the need for an Environmental Impact Assessment (EIA) for buildings related to education and research, but it may be that some sub-projects can be regarded as urban renewal projects and might require an EIA (Annex II of the European Directive). Social and environmental impact including the possible impact of the project on protected flora and fauna (Habitats Directive 92/43/EC and Birds Directive 79/409/EC) will be examined during the appraisal. The project will include new buildings, which will comply with the 2010/31/EU directive on energy efficiency of buildings.
The promoter has to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EC as well as Directives 89/665/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.
Under appraisal - 23/12/2019
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).