EIB VENICE UNIVERSITY RATIONALISATION LOAN
May 1st, 2006
STORIES BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is planning to lend the Università Ca' Foscari di Venezia (Venice) Euro 75 million to help fund a rationalisation programme, consolidating its current 40 buildings on 15 sites into four research and teaching campuses. The total estimated cost of the project is Euro 202 million. Its aim, said an EIB memorandum, is to "overcome the operating inefficiencies and costs linked to its present fragmented structure".
ENDS
THE EUROPEAN Investment Bank (EIB) is planning to lend the Università Ca' Foscari di Venezia (Venice) Euro 75 million to help fund a rationalisation programme, consolidating its current 40 buildings on 15 sites into four research and teaching campuses. The total estimated cost of the project is Euro 202 million. Its aim, said an EIB memorandum, is to "overcome the operating inefficiencies and costs linked to its present fragmented structure".
ENDS
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