Release date: 9 December 2013
Promoter – Financial Intermediary
REPUBLICA PORTUGUESALocation
Description
Construction of a new campus for the Nova School of Business & Economics
Objectives
The benefits of the project should include: well-trained graduate and postgraduate students, expanded research capacity in economics and business studies, increased income for students, economic benefits associated with a well-educated labour force
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
Universities are not specifically mentioned in the EIA Directive 2011/92/EU on Environmental Impact Assessment (EIA), though the project is covered by Annex II of the Directive in relation to Urban Development. The Bank’s services will verify the screening decisions taken by the Competent Authority, and will review all environmental aspects including potential impacts on nature conservation sites (ex: Natura 2000) during appraisal. The energy efficiency standards to be achieved by the new buildings will also be examined during appraisal
Procurement
The Bank requires the promoter to ensure that all relevant contracts for the planning, implementation and operation of the project are tendered in accordance with relevant EU procurement legislation. The detailed procurement issues will be studied during appraisal
Status
Signed - 26/07/2017
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).