Ecoles de Marseille
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Approval date
29 September 2023
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Borrower
Société Publique des Ecoles Marseillaises
- Country
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Loan size
€ 200 000 000
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Line of action
Investing in People and Enhancing Human Capital
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Status
In progress
This Public Sector Financing Facility (PFF) aims at supporting the Borrower in its efforts to upgrade Marseille’s public school infrastructure, by partially financing eligible investments for the renovation, restructuring and construction of 188 public primary schools. The PFF is part of the City of Marseille's “Schools Plan”, which foresees a total investment of minimum 845 million euros over the 2022-2031 period.
Final beneficiaries: current and future pupils, municipal staff responsible for cleaning, maintenance and catering, teaching and administrative staff of public schools in Marseille, as well as local community residents and associations, who will enjoy better learning, living and working conditions.