Release date: 18 April 2011
Promoter – Financial Intermediary
The Republic of Cyprus - Ministry of Education and Culture acting through its Technical Services Department (TSD).
Mrs. Evangelia Adamou Georgiou
Senior Engineer
Location
Description
Restructuring of the schools estate in Cyprus through new construction, extension and rehabilitation of infrastructure located all over the country.
Objectives
The project will contribute to human capital formation and hence the knowledge economy on Cyprus. The project reinforces the human capital stock of a Member State, making it eligible under Article 309 of the EU Treaty, point (c) Common Interest.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 210 million
Environmental aspects
Schools are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project is covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal the EIA screening decision taken by the Competent Authority.
Procurement
The Bank will require 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 - 20/06/2011
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).