Release date: 14 June 2010
Promoter – Financial Intermediary
Comunidad Autónoma de las Islas Baleares (CAIB)
Location
Description
The project concerns the co-financing of a large number of mostly small public investments in the schools estate of the Islas Baleares. The programme comprises the new construction, expansion and the rehabilitation or modernisation of the existing school infrastructure throughout the four islands.
Objectives
The purpose of the programme is to (i) improve the quality of CAIB’s pre-university educational infrastructure; (ii) expand the capacity of CAIB’s pre-university schools to face the fast school-age population growth experienced in the last decade in the islands; and (iii) respond to a different distribution of the student population in the islands.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
Up to EUR 200 million.
Environmental aspects
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.
Procurement
The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been or shall be tendered in accordance with the relevant EU procurement legislation. The procurement procedures will be examined during appraisal.
Status
Signed - 19/06/2014
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).