The social development bank for Europe

Improving Education Infrastructure in Reykjavik

  • Approval date

    25 March 2024

  • Borrower

    City of Reykjavik

  • Country

    Iceland

  • Loan size

    € 100 000 000

  • Line of action

    Investing in People and Enhancing Human Capital

  • Status

    In progress

The Public sector Financing Facility (PFF) will support the Borrower to improve the quality of education through the rehabilitation and expansion of the education infrastructure in schools, allowing for a better learning environment, in line with the priorities set in the City’s Education Policy 2030.

Final beneficiaries: School children, school employees and adolescents in the City of Reykjavik, including those from migrant families and Ukrainian refugees as well as internally displaced families from the volcano-affected town of Grindavík.