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    Reference: 20210418
    Release date: 23 February 2024

    Promoter – Financial Intermediary

    VILLE DE MONTPELLIER

    Location

    Description

    The project will finance the renovation, extension and new construction of public pre-primary and primary education facilities in the city of Montpellier.

    Objectives

    The main objectives are to provide a better learning environment for the youngest students, by upgrading the public education infrastructure, to adapt the pre-primary and primary school network to changes in the local demand and to improve the energy performance of Montpellier's school stock.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 203 million

    Environmental aspects

    Directive 2011/92/EU as amended by Directive 2014/52/EU on Environmental Impact Assessment (EIA) does not specifically cover educational activities although educational facilities may fall under Annex II of the Directive with respect to Urban Development. The EIB will verify during appraisal whether an EIA is required by the competent authority. The public buildings will be required to meet at least the energy efficiency targets as defined in Directive 2010/31/EU on the energy performance of buildings and Directive 2012/27/EU on energy efficiency. The project will be appraised and monitored in line with the Bank's policies, including the Environmental and Social Sustainability Framework.

    Procurement

    The Bank will require the promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the 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 publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 8/08/2024

    Milestone
    Under appraisal
    Approved
    8 August 2024

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Education