| Project Detail |
The project concerns the campus development programme of the University Babes Bolyai (UBB) in Cluj-Napoca, Romania.
Additionality and Impact
The project concerns the campus development programme of the University Babes Bolyai (UBB) in Cluj-Napoca, Romania. The project addresses a sub-optimal situation with regard to investments in public higher education and research infrastructure. The project addresses shortcomings in the University of Babes Bolyais (UBB) infrastructure by creating new space for teaching and staff offices. Moreover, the project provides UBBs most successful research groups with state-of-the-art research infrastructure. The project also addresses the need for the energy efficiency upgrade of several faculty buildings. These measures can be expected to increase the quality and relevance of higher education in Romanias Northwest region, and contribute to increasing the regions capacity to innovate. The EIB advisory support through the resources of the European Investment Advisory Hub (EIAH) had a significant impact on the Borrowers ability to mobilise the financing. The Banks contribution will help accelerate the investments also by offering financing of longer tenor and at advantageous conditions thus providing substantial value added.
Objectives
The project is part of a longer term modernisation programme of the University and in line with EU public policy goals associated with Education and Training 2020 and Horizon 2020. The project contributes to the European Higher Education Area and the European Research Area by enhancing teaching and learning environments and improving research facilities. The proposed operation provides additional financial resources for the expansion and improvement of both teaching and research activities and therefore, responds to various needs of the innovation system in Romania, most notably the supply of highly skilled graduates in areas of key economic and social importance and the provision of infrastructure for public research. |
