Release date: 9 February 2010
Promoter – Financial Intermediary
Land Brandenburg and Investitionsbank des Landes BrandenburgLocation
Description
The purpose of the project is to co-finance the Federal State of Brandenburg eligible recurrent wage costs of scientists and academic workers employed in public scientific institutes and public universities and colleges as well as outlays for capital investments in research infrastructure and scientific equipment during the period 2009-2012.
Objectives
By co-financing public R&D investments the project will assist Germany, and by extension the EU, in improving essential research capability. The proposed operation would be fully in line with the Bank’s priority of lending to projects in R&D and innovative downstream investment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 878 million
Environmental aspects
Because the RDI projects will be carried out within existing science facilities, detrimental effects on sites of nature conservation are unlikely. It is, therefore, not expected that any RDI component will require an EIA as defined by EU Directive 97/11. This will be verified during appraisal.
Procurement
The promoter is required to respect national and European legislation applicable to public authorities’ 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.
Status
Signed - 21/07/2010
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).