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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Portugal : € 300,000,000
Education : € 300,000,000
Signature date(s)
22/05/2009 : € 300,000,000
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Summary sheet

Release date
26 February 2009
Status
Reference
Signed | 22/05/2009
20080725
Project name
Promoter - financial intermediary
Modernização Parque Escolar

Parque Escolar E.P.E.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million.
Currently estimated at EUR 2.2 bn.
Location
Sector(s)
Description
Objectives

The project comprises the planning, rehabilitation and extension, furnishing and equipping of 166 secondary schools spread throughout mainland Portugal. The purpose of the programme is to modernise the secondary school infrastructure network to provide an environment more conducive to learning and teaching. The programme also comprises the implementation of a maintenance plan in each school, to ensure that buildings will be fully functional throughout their lifetime.

The project is consistent with EU policy. A well-educated and well-integrated/included population is critical for the current and future economic, intellectual and social development of a country. The project will enhance the human capital stock of Portugal. In addition, the majority of the sub-projects are located in convergence regions.

Environmental aspects
Procurement

The project mainly consists of the rehabilitation of existing buildings. Therefore, according to the local planning and approval processes, the competent authorities have requested no EIA due to the size and location of the buildings.

The promoter’s procurement procedures are in compliance with EU and national procedures applicable to public authorities.

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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.

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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 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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