📋 Tender Overview
Location: Greece
Project number: 55083
Business sector: Municipal and environmental infrastructure
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 42,500,000.00
Total Project Cost: EUR 106,000,000.00
Project Description
Provision of senior debt financing for the design, construction and maintenance of student accommodation and educational building facilities on the campuses of Volos and Lamia (the "Project"), pursuant to a 30-year PPP contract awarded by the University of Thessaly ("UoT" or "Contracting Authority). The Borrower will be a special purpose vehicle ("Project Company") fully owned by Intrakat, a listed Greek construction company (the "Sponsor").
Project Objectives
The Project is expected to increase capacity of the UoT's dormitories to accommodate up to 785 additional students, including by addressing housing and accommodation needs for financially disadvantaged students and providing new and updated technology equipment for research programs.
Transition Impact
ETI score: 67
The Project's Transition Impact derives from the following qualities:
Green: EBRD proceeds will be fully used for construction of buildings which meet EPC and LEED certification requirements, exceeding nearly-zero emission building (nZEB) requirements in Greece.
Competitive: The EBRD will assist in increasing private sector participation in the educational infrastructure sector in Greece. The Project involves the construction of new facilities to be developed through a PPP structure.
