Release date: 1 June 2017
Promoter – Financial Intermediary
NRW.BANKLocation
Description
Support of a joint programme of the German Federal State Nordrhein-Westfalen (NRW) and its promotional bank NRW.BANK to finance the renovation, modernisation, refurbishment and expansion of schools in NRW as well as investments in digital infrastructure in schools.
Objectives
The project supports the Europe 2020 strategy for smart, sustainable and inclusive growth by assisting the Federal State of NRW in providing modern, effective and inclusive education infrastructure. This will help students' adhesion to their schools and their ability to perform at school, thereby reducing the risk of school drop-out and increasing students' prospects for successful integration into the labour market.
Sector(s)
- Education - Education
Proposed EIB finance (Approximate amount)
EUR 800 million
Total cost (Approximate amount)
EUR 1690 million
Environmental aspects
Schools are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU, though they are covered by Annex II of the directive in relation to urban development. The need for an EIA will be analysed during appraisal. The public buildings will be required to at least meet the minimum national targets concerning energy efficiency. The design energy performance of the buildings and any specific related targets to be met will be verified during appraisal.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU and Directive 2014/23/EU as applicable as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 13/12/2017
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).