COLLEGES MEURTHE-ET-MOSELLE (EIB-20160545)

Countries
  • France
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
DEPARTEMENT DE LA MEURTHE-ET-MOSELLE
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 73.48 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 70 million
Converted using 2017-01-04 exchange rate.
Loan Amount (USD)
$ 73.48 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70 million
Converted using 2017-01-04 exchange rate.
Project Cost (USD)
$ 156.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 149 million
Converted using 2017-01-04 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 16, 2018

Disclosed by Bank Jan 4, 2017


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Project Description

According to EIB website, the project concerns the demolition, construction, reconstruction, extension and renovation of lower secondary schools (first cycle of second level studies) in the Department of Meurthe-et-Moselle in France. The project is part of the New Generations Plan (PCNG), the multi-year construction and renovation program of the department. The objectives of the CPNG are the modernization and consolidation of the educational heritage and the realization of the 2012 Thermal Regulation, which leads to significant investments in the reduction of energy consumption. The project focuses on energy efficiency within the framework of the CPNP. The project integrates 27 investment operations including:6 buildings have nine of colleges; 3 heavy extensions and restructuring of colleges; 3 heavy college restructuring; and 15 renovations of colleges or various improvements

The purpose of the project is the construction, reconstruction, extension and renovation of colleges. The investments are aimed at: (i) increasing the capacity to cope with population growth; (ii) adapting infrastructures to new technologies; (iii) improve the accessibility of colleges to persons with disabilities; and (iv) improve the energy efficiency of buildings.

Further, it will be ensured that this project is implemented in compliance with the EU legislation in terms of environmental and social aspects.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure.

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