EIB and Caisse des Depots support French campus project

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EIB and Caisse des Depots support French campus project

Caisse des Dépôts Group and the European Investment Bank (EIB) signed a contract with the Community of Universities and Establishments (ComUE)  to jointly finance the development, construction and rehabilitation of the operation Montpellier Campus for a global amount of €183 million (US$212.8 million).

Caisse des Dépôts has provided €86 million (US$ million) project financing, while the EIB has  provided €97 million (US$ million). Construction works will begin in 2017 and will run until 2022, the delivery date of the last building.

This funding will be used to carry out major development, construction and rehabilitation work on the Montpellier campuses, involving large-scale operations (Science Village, Atrium Learning Center, physics laboratories, faculty of pharmacy, Raimon Llull library).

The development of the project aims to improve the living conditions of students, research professors and researchers of Montpellier's university institutions. It will also develop the city-university link through a campus integrated in the metropolitan area while promoting the energy transition with the decrease in the consumption of university buildings.

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