CERTH AND FORTH GREECE R&D INFRASTRUCTURE (EIB-20210527)

Countries
  • Greece
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Greece
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 47.41 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 45
Converted using 2022-05-02 exchange rate.
Project Cost (USD)
$ 94.81 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 90
Converted using 2022-05-02 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS May 2, 2022

Disclosed by Bank Oct 6, 2021


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank website, the project supports the improvement and expansion of research and development (R&D) infrastructure at the Centre for Research & Technology Hellas (CERTH) and the Foundation for Research and Technology Hellas (FORTH), two of the most prominent Greek research centres. It will co-finance the construction of multiple new research buildings and the renovation of existing ones, as well as the purchase of R&D and information and communications technology (ICT) equipment.

At CERTH, the proposed project concerns the implementation of the centre's development strategy named CERTH 2.0,which consists of the following components:
- New facilities for the Information Technologies Institute (ITI) and renovation of ITI's existing building;
- New facilities for the Hellenic Institute of Transport (HIT) and renovation of HIT's existing building;
- New facilities for the Institute of Applied Biosciences (INAB) and extension of INAB's main building;
- New facilities for the Institute for Bio-economy and Agro-technology (iBO);
- New facilities for the Chemical Process & Energy Resources Institute (CPERI) and renovation of CPERI's existing research centre; and
- A new Remote Collaboration and Knowledge Sharing Space on CERTH's main campus.

At FORTH the Promoter's project proposal includes six components:
- The construction of an Innovation and Advanced Training Centre on FORTH's main campus;
- New facilities for the Department of Biomedical Research;
- Demonstration installations for the Institute of Chemical Engineering Sciences;
- New facilities for the Institute of Astrophysics (Skinakas Observatory)
- The renovation of the building of the Institute for Mediterranean Studies;
- New facilities for the Research & Innovation Centre for Sustainable Energy Transition.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Investment type not available at the time of the snapshot

 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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

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