UNIVERSITY OF CYPRUS II

Promoter – Financial Intermediary

University of Cyprus

Location

• Cyprus

Description

Second phase Investment Programme for the extension and development of the University of Cyprus campus.

Objectives

The next phase of building development and refurbishment will be implemented over the coming years to ensure that the buildings are of high quality and enhance the research, teaching and social learning space in the University. The objectives are: • Support research and innovation, • Deliver a high quality student experience, • Invest to provide consistently high-quality infrastructure and equipment.

Sector(s)

• Education - Education

Proposed EIB finance (Approximate amount)

EUR 162 million

Total cost (Approximate amount)

EUR 216 million

Environmental aspects

Universities and research institutions are not specifically mentioned in the annexes I and II of the EIA Directive 2011/92/EU and therefore do not require a mandatory Environmental Impact Assessment. However, parts of the investment cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank's services will verify during appraisal whether an EIA is required for any component of the project.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 12/12/2014