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Signature(s)

Amount (.*)
€ 30,973,864
Countries
Sector(s)
Montenegro : € 30,973,864
Education : € 30,973,864
Signature date(s)
1/04/2025 : € 1,980,000
22/02/2024 : € 10,993,864
6/11/2019 : € 18,000,000
(*) Including a € 10,993,864 Investment Grants provided by the COUNTERPART(S) TO BE DETERMINED ,a € 1,980,000 Investment Grants provided by the COUNTERPART(S) TO BE DETERMINED
Link to source

Summary sheet

Release date
6 May 2019
Status
Reference
Signed | 06/11/2019
20180231
Project name
Promoter - financial intermediary
MONTENEGRO EDUCATION PROGRAMME
MONTENEGRO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 31 million
EUR 41 million
Location
Sector(s)
Description
Objectives

The project consists of the construction and/or renovation of public education infrastructure including kindergartens, elementary (primary) schools, gymnasium (secondary) schools and vocational education schools in Montenegro. The project also includes provision of new Information and Communication Technologies (ICT) equipment as well as furniture for schools and specific equipment for vocational schools.

This project is part of an education strategy aimed at upgrading the physical and human capital of schools, with the objective to improve education attainments and learning outcomes.

Environmental aspects
Procurement

The project is expected to be located in locations where existing school and education infrastructure exists or be redeveloping existing brown-field sites that are no longer used. Therefore, potential negative environmental and social impacts are likely to be minor. If situated in the EU, the project would likely fall within Annex II of Directive 2011/92/EU as amended by 2014/52/EU - the Environmental Impact Assessment (EIA) Directive - and therefore be subject to screening. Current Montenegrin EIA legislation would screen the project components prior to providing development consent. The potential impact on any conservation areas will also need to be appraised. The compliance of the procedures in place with the EIB environmental and social standards will be analysed during the appraisal.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

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).

Documents

Environmental and Social Data Sheet (ESDS) - MONTENEGRO EDUCATION PROGRAMME
Publication Date
18 Oct 2019
Document language
Main Topic
Lending
Document Number
88777461
Document Focus
Environmental Information
Project Number
20180231
Sector(s)
Countries
Publicly available
Download now

News & Stories

Press release

Montenegro: First EIB loan for education projects

6 November 2019
  • The EUR 18m loan will finance the construction and renovation of education facilities and kindergartens in the capital Podgorica and in nine municipalities across the country
  • The financing operation will focus on increasing the country’s schooling capacity by creating an additional 2,070 places
  • Strong employment impact with the creation of around 530 new full-time jobs, mostly for teachers
  • This first EIB project in the education sector in Montenegro will also benefit from an Economic Resilience Initiative (ERI) grant

The European Investment Bank (EIB) announced today its first investment in an education project in Montenegro, by contributing to the upgrade of the [...]

©EIB

Press release

Montenegro: Up to €2.9 million EIB grant to improve education

12 May 2022
  • The EIB grant covers technical and advisory support for project preparation and public procurement related to school infrastructure upgrades, and supports the Government of Montenegro in developing long-term monitoring and evaluation standards for education projects.
  • This is the second grant provided to Montenegro this year by EIB Global, a dedicated development branch of the EIB created in 2022 to support EIB operations beyond the European Union.
  • Since 2020, the EIB has invested close to €200 million in key sectors of the Montenegrin economy, supporting higher resilience to crises.

The European Investment Bank (EIB), the bank of the European Union, will provide a grant of up to [...]

©EIB

Story

Montenegro’s digital transition starts at school

26 September 2024

Decades of urbanisation and funding shortages have placed a strain on Montenegro’s education system. Now, with funding from Team Europe, the country is investing in its education system to prepare students with the skills they need for the job market and the Western Balkan country’s bid to join Europe’s single market.

The government’s new Montenegro education programme aims to transform the learning experience for generations of pupils and provide them with the skills required for innovation and growth.

The funds will enable the reconstruction, digitalisation and equipping of 13 education facilities, including kindergartens, primary, vocational and secondary schools. The investments will create up to 1,700 new [...]

©Ministry of Education, Science and Innovation of Montenegro

General enquiries and comments

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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.
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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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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