Release date: 17 February 2005
Promoter – Financial Intermediary
Federal State of Mecklenburg-VorpommernLocation
Description
The project concerns the financing of Mecklenburg-Vorpommern’s expenditure for public-sector research for the period 2003-2006. It is in two parts: one concerns investments for basic and applied research carried out by the five large German research institutions, of which a smaller portion is earmarked for the support of specialised public research institutes within the Federal State. The second part consists of investments in research at the state’s three universities and universities of applied science (“Fachhochschulen”).
Objectives
By co-financing public R&D investments the project will assist Germany, and by extension the EU, in improving essential research capability. The proposed operation would be fully in line with the Bank’s priority of lending to projects in R&D and innovative downstream investment. As such, the project would qualify under the EU Growth Initiative.
Comments
Research & Development
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 350 million
Total cost (Approximate amount)
EUR 700 million
Environmental aspects
The project complies with relevant EU and national environmental legislation.
Procurement
The promoter is required to respect national and European legislation applicable to public authorities procurement.
Status
Signed - 14/06/2005