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    Reference: 20240045
    Release date: 26 March 2024

    Promoter – Financial Intermediary

    STADT KASSEL

    Location

    Description

    The project consists of an intermediate loan to finance the construction of a secondary school building for 900 students as well as a fire brigade in the city of Kassel.

    Objectives

    The aim is to contribute to improve educational facilities as well as the quality and the attractiveness of the public spaces. The fire brigade and rescue station will promote the city's resilience and civil protection, in line with the municipality's climate adaptation goals.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 96 million

    Total cost (Approximate amount)

    EUR 192 million

    Environmental aspects

    Directive 2011/92/EU amended by 2014/52/EU on Environmental Impact Assessment (EIA) does not specifically cover educational activities, 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, educational facilities may fall under Annex II of the Directive with respect to Urban Development. The Bank's services will verify during appraisal whether an EIA is required by the competent authority. The public buildings will be required to at least meet 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.

    Procurement

    In accordance with the Bank's policy to ensure that the loan complies with the EU acquis, in particular in the fields of public procurement, the Bank will require such intermediary institution to take all requisite measures to ensure that the procurement procedures carried out by the final beneficiary for the project that the Bank finances will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Status

    Under appraisal - 15/03/2024

    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

    Germany Urban development Education