EIB to finance Vienna school PPP programme

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EIB to finance Vienna school PPP programme

The European Investment Bank (EIB) is considering providing finance for the construction of nine school and kindergarten campuses in the City of Vienna, Austria, under a PPP scheme.

The EIB would provide approximately €300 million (US$333.5 million). 

The programme involves the construction of 10 educational facilities in the period 2012-2023 by way of the Vienna "Campus plus" concept, implementing a modern, state-of-the-art pedagogical concept. While the pilot project (Bildungscampus Attemsgasse) is currently under tender, the programme under appraisal by EIB comprises 9 educational facilities.

The individual projects will be procured under design, build, finance, operate and maintain (DBFOM) PPP contracts.

The pilot project mentioned above involves the development of a kindergarten, an elementary school, 2 gyms, a youth centre and a music school, among others. The contract is scheduled to start in January 2016 and to finish in August 2042.

Vienna, with a population of about 1.757 million (2.4 million within the metropolitan area), is the capital and the largest city of Austria. It is the 7th-largest city by population within city limits in the European Union.

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