MODERNISATION ETABLISSEMENTS SCOLAIRES II (EIB-20180169)

Countries
  • Tunisia
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
Approved
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
REPUBLIQUE TUNISIENNE
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)
$ 88.29 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 81
Converted using 2019-09-30 exchange rate.
Project Cost (USD)
$ 176.57 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 162
Converted using 2019-09-30 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 2, 2020

Disclosed by Bank Nov 14, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to bank documents, the operation concerns investments schemes in education infrastructure in a sub-set of governorates in Tunisia through a framework loan (FL) to the Tunisian Republic. The Project will finance the construction of new public primary education infrastructure and school complexes (campus scolaires) and will include the provision of new equipment and innovative pedagogical equipment for selected schools as well as state-of-art school transportation means.

Its aim is to re-balance the situation of primary education infrastructure among geographical areas in the country, where many regions have been suffering from under investments in the past years.

The project supports the EU-Tunisia Privileged Partnership, which priorities are included in the EU-Tunisia Joint Communication to the European Parliament and Council (dated 29 September 2016), especially the objective to support social infrastructures projects (including in the education sector), in order to improve life conditions in less privileged urban and rural areas.

Investment Description
  • European Investment Bank (EIB)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces