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Signature(s)

Amount
€ 131,000,000
Countries
Sector(s)
Romania : € 131,000,000
Education : € 131,000,000
Signature date(s)
11/07/2003 : € 131,000,000
Link to source

Summary sheet

Release date
30 May 2003
Status
Reference
Signed | 11/07/2003
20020529
Project name
Promoter - financial intermediary
School Infrastructure Rehabilitation - AFI
Romania, acting through the Ministry of Public Finance
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 131 million
EUR 175 million
Location
Sector(s)
Description
Objectives

The building, rehabilitation, upgrading and furnishing of around 1,400 schools

By improving the learning environment, the project is expected to improve educational attainment and social cohesion, especially in rural areas, and to improve the quality of schooling to meet the changing needs of the labour market, and to meet the overall objective of attaining the acquis communautaire.

Environmental aspects
Procurement

Educational projects are not specifically mentioned under Annex II of EU Directive 97/11/EC; the project mainly concerns rehabilitation of educational buildings and usually an EIA is not required. The nature of the project is such that by definition there will be environment benefits (new constructions to best contemporary standards, basic improvements as roof insulation, window and door repair and replacement, Improvements to sanitary provisions).

As far as possible and where applicable, International Tendering Procedures will be followed.

Link to source

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).

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