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SCIENCE DEVELOPMENT II

Signature(s)

Amount
€ 600,000,000
Countries
Sector(s)
Poland : € 600,000,000
Education : € 600,000,000
Signature date(s)
30/06/2008 : € 600,000,000
Link to source

Summary sheet

Release date
13 May 2008
Status
Reference
Signed | 30/06/2008
20080211
Project name
Promoter - financial intermediary
Science Development II
Republic of Poland acting through the Ministry of Finance
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 600 million
EUR 1 200 million
Location
Sector(s)
Description
Objectives

The Project will support the development of science and technology in public scientific institutions and university-based academic environments.

The loan will fund a part of the State’s 2008 budgetary contribution to support investment expenditures connected with the implementation of public scientific and university-based academic research where activities are deemed important for the development and accumulation of knowledge and the expansion of the Polish knowledge- based economy. Under this Facility the Bank may fund: (i) capital investment expenditures in public scientific and academic infrastructures, technology platforms, and equipment; (ii) research grants for scientists; and (iii) a portion of the eligible wage costs of scientists employed in the public system.

Environmental aspects
Procurement

R&D activities included in the project will not materially change current R&D practice and will be carried out mainly within existing facilities. An EIA therefore is not required by EU Directive 97/11. Investments in new buildings may fall under Annex II of the relevant Directive regarding urban development. This will be further assessed during appraisal.

The Bank will require the Promoter to ensure that contracts for the implementation of the individual projects have been/shall be tendered in accordance with the applicable EU and national law.

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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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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