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Signature(s)

Amount
€ 320,000,000
Countries
Sector(s)
Spain : € 320,000,000
Education : € 320,000,000
Signature date(s)
19/06/2009 : € 320,000,000
Link to source

Summary sheet

Release date
28 April 2009
Status
Reference
Signed | 19/06/2009
20080670
Project name
Promoter - financial intermediary
Madrid Centros Escolares
Comunidad Autónoma de Madrid
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 300 million.
EUR 700 million.
Location
Sector(s)
Description
Objectives

The project comprises the planning, new building, rehabilitation and extension of, as well as the provision of furniture and equipment for pre-school, primary, secondary, vocational education buildings and other related infrastructure spread throughout the Comunidad de Madrid (CAM).

The objective of this project is to improve the quality of the education provided by improving the quality of the educational estate.

Environmental aspects
Procurement

Educational facilities are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project may be covered by Annex II of the Directive in relation to urban development. During appraisal the Bank’s services will verify whether any EIA is required and the environmental effects of the project.

The Bank will require the promoter to ensure that the contracts under the project have been or shall be tendered in accordance with EU public procurement procedures.

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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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.
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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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