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    Reference: 20210271
    Release date: 5 November 2021

    Promoter – Financial Intermediary

    UNIVERSITATEA DE MEDICINA, FARMACIE, STIINTE SI TEHNOLOGIE GEORGE EMIL PALADE DIN TARGU MURES

    Location

    Description

    The project concerns the refurbishment of the Faculty of Medicine, the restructuration of a existing building to clinical labs and the construction of a technological incubator part of the "George Emil Palade" University of Medicine, Pharmacy, Science and Technology of Targu-Mures.

    Objectives

    The project is part of a long term modernisation programme of the University and in line with EU public policy goals associated with Education and Training 2020 and Horizon 2020. The project contributes to the European Higher Education Area and the European Research Area by enhancing teaching and learning environments and improving research facilities. The proposed operation provides additional financial resources for the expansion and improvement of both teaching and research activities and therefore, responds to various needs of the innovation system in Romania, most notably the supply of highly skilled graduates in areas of key economic and social importance and the provision of infrastructure for public research.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 40 million

    Environmental aspects

    The Directive 2011/92/EU amended by 2014/52/EU does not specifically mention the need for an environmental impact assessment (EIA) for buildings relating to education, but it may be that some sub-projects can be regarded as urban renewal projects (Annex II of the European Directive). This will be analysed in detail during the development of the studies. The possible impact on natural sites will be checked prior to the building permit authorisation request stage.

    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 (Directive 2014/24/EU as well as Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Under appraisal - 5/11/2021

    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

    Romania Education