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Signature(s)

Amount (.*)
€ 28,993,864
Countries
Sector(s)
Montenegro : € 28,993,864
Education : € 28,993,864
Signature date(s)
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
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 29 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
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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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