Release date: 30 May 2003
Promoter – Financial Intermediary
Romania, acting through the Ministry of Public FinanceLocation
Description
The building, rehabilitation, upgrading and furnishing of around 1,400 schools
Objectives
By improving the learning environment, the project is expected to improve educational attainment and social cohesion, especially in rural areas, and to improve the quality of schooling to meet the changing needs of the labour market, and to meet the overall objective of attaining the acquis communautaire.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 131 million
Total cost (Approximate amount)
EUR 175 million
Environmental aspects
Educational projects are not specifically mentioned under Annex II of EU Directive 97/11/EC; the project mainly concerns rehabilitation of educational buildings and usually an EIA is not required. The nature of the project is such that by definition there will be environment benefits (new constructions to best contemporary standards, basic improvements as roof insulation, window and door repair and replacement, Improvements to sanitary provisions).
Procurement
As far as possible and where applicable, International Tendering Procedures will be followed.
Status
Signed - 11/07/2003
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).