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Signature(s)

Amount
€ 15,000,000
Countries
Sector(s)
Italy : € 15,000,000
Services : € 3,000,000
Urban development : € 3,000,000
Education : € 9,000,000
Signature date(s)
6/10/2009 : € 3,000,000
6/10/2009 : € 3,000,000
6/10/2009 : € 9,000,000
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Summary sheet

Release date
28 February 2006
Status
Reference
Signed | 06/10/2009
20060006
Project name
Promoter - financial intermediary
Uni Bocconi Internazionalizzazione
Università Commerciale “Luigi Bocconi”
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 120 million.
EUR 250 million (to be assessed during appraisal).
Description
Objectives

The proposed project consists of the expansion and upgrading of the Università Bocconi teaching and research facilities. The project also includes the construction of new student residences to provide the student population, two-thirds of which coming from cities and regions outside Milan and Lombardy and 7.5 percent from abroad, with accommodation in the University’s neighbourhood.

The Project will provide the Università with upgraded teaching and research facilities, in order to improve the quality of education delivered and expand research activities, and contribute to the University’s process of internationalisation. In addition, the University is located in the centre of Milan, in a heavily inhabited area and with a great demand of housing, and the construction of new student residences will provide students with affordable housing. The project will also contribute to the renewal and development of the urban space surrounding the University site.

Environmental aspects
Procurement

Council Directive 97/11/EEC does not specifically mention Educational and Health activities on EIA. The applicability of the Annex II of the Directive to Urban Development projects will be verified during appraisal.

The Università Boconi is a private University and as such is not bound by public procurement rules. Notwithstanding, the procurement procedures will be reviewed during appraisal to see whether they are in the best interests of the project and satisfactory to the Bank.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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