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    Reference: 20220213
    Release date: 13 December 2022

    Promoter – Financial Intermediary

    CHILDREN OF ARMENIA CHARITABLE FUND

    Location

    Description

    The project consists of the construction of two education and training centres in the Syunik province in Southern Armenia. The two centres will provide free-of-charge after-school educational opportunities and access to currently non-existing services for up to 6000 children and young adults aged 6-18 years from 50 rural communities.

    Objectives

    While focusing on students from rural areas, which face the greatest challenges regarding access to quality educational opportunities and the acquisition of employability skills, the project will provide students with access to educational facilities and equipment and services (e.g. career counselling, health education) not otherwise available in this remote region. It will implement a competency-based approach in order to effectively translate hours of schooling into the acquisition of knowledge, skills and competencies and shall offer training opportunities for teachers from the public schools system, e.g. with regard to the use of modern technology and innovative pedagogies.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 10 million

    Total cost (Approximate amount)

    EUR 23 million

    Environmental aspects

    Any requirement equivalent to obtaining an environmental impact assessment (EIA) or similar will be assessed during the project appraisal. The buildings will be required to at least meet the minimum national targets concerning energy efficiency.

    Procurement

    The Promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Status

    Under appraisal - 4/07/2022

    Milestone
    Under appraisal

    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

    Armenia Education