Valencia wants EU loan for rebuilding

June 14, 2002

The European Investment Bank is considering plans to lend four universities in the Valencia region of Spain up to €85 million (£55 million) for a wide range of building projects to improve their educational, administrative and social facilities.

If the bank's board gives the project the go ahead, which is expected later this year, it would be the latest in a line of loans made by the European Union's premier lending institution to higher education projects.

The plan involves the money being lent to a consortium that represents the city of Valencia as well as the University of Valencia, the Polytechnic-University of Valencia, the University of Alicante and the University of Jaume I of Castellon.

The loan would be spent on the construction of new buildings and the upgrading of old ones. Teaching, research, administrative and sports facilities would all benefit.

In the past two years, the EIB has lent €100 million to four Austrian universities, €104 million to the Universita degli Studi di Torino in Italy, €100 million to higher education in Germany's Saarland and €95 million to Masaryk University in the Czech Republic.

A report on the Valencia loan said that the project "is expected to generate educational benefits by improving the learning environment of students". If granted, the loan would secure half of the project's costs.

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

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns