Austria revamps

October 12, 2001

The European Investment Bank has announced that it will lend €100 million (£62.8 million) to an Austrian government construction agency to build and renovate university and school buildings.

The loans are part of a €250 million investment programme covering several years.

For universities, the money will allow the Bundesimmobiliengesellschaft mbH agency to modernise Vienna Technical University, constructing new buildings for the mechanical engineering faculty and new facilities for the Institute of Chemistry.

The loan will also finance improvements at the dental school and extend the library at Vienna University. Money will also be spent on Vienna's University of Agricultural Science and the Technical University of Graz.

EIB vice-president Ewald Nowotny said: "The EIB is underpinning the European Union's objective of promoting the transition to an information and knowledge-based society through expanding educational infrastructure and stepping up R&D."

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments