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    Reference: 20230804
    Release date: 17 June 2024

    Promoter – Financial Intermediary




    The loan will support the upgrade of UNICAM campus (University of Camerino) located in the Marche region (central Italy). In particular, the project supports the construction and renovation of administrative, academic and research facilities as well as new student accommodation. Investments also concern energy efficiency and green energy production.

    Additionality and Impact

    The Project supports the continuing expansion, renovation and modernisation of the campus of the University of Camerino (UNICAM), which will live up to the highest standards of modern teaching, learning and research environments. It addresses a market failure with regard to sub-optimal levels of investment in higher education in Italy. The Project will generate positive externalities for society in terms of improved education provision and knowledge externalities from expanded and improved teaching, learning and research.

    The EIB brings a comprehensive financial contribution to the investment programme by providing the University with financial benefit and customized terms. EIB brings expertise in structuring the financing (availability, grace period, tranching) to best fit the University and Project financial needs.


    The aim is to increase the capacity for student accommodation in the city and enhance the research and learning environment. The upgrade of UNICAM campus will help to align to modern pedagogical methods, meet the local demand, also in terms of labour market outlook, thus contributing to human capital formation.


    Proposed EIB finance (Approximate amount)

    EUR 22 million

    Total cost (Approximate amount)

    EUR 46 million

    Environmental aspects

    Directive 2011/92/EU (amended by Directive 2014/52/EU) on Environmental Impact Assessment (EIA) does not specifically cover university and research infrastructure, leaving it at the discretion of the responsible competent authorities to request an EIA on the basis of the location and scale of the works concerned. However, university and research infrastructure may fall under Annex II of the Directive with respect to urban development. The public buildings will be required to at least meet the energy efficiency target sas defined in Directive 2010/31/EU on the energy performance of buildings and Directive 2012/27/EU on energy efficiency. Furthermore, the climate plans of the universities and/or their regions and application of adaptation measures will be assessed within the context of the proposed investments during the appraisal. Social and other environmental aspects as well as any aspects related to historical and cultural heritage will be further verified during the appraisal of the subsequent sub-projects.


    The Promoter has to ensure that contracts for the implementation of the Project shall be tendered in accordance with the relevant applicable EU procurement legislation, 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU. The Bank will also require the Promoter to publish tender notices in the EU Official Journal (OJEU), as and where required.


    Signed - 10/07/2024

    Under appraisal
    12 June 2024
    10 July 2024


    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

    Italy Education