NIB and CEB to co-finance University of Tartu’s academic and research buildings
The Nordic Investment Bank (NIB), the Council of Europe Development Bank (CEB) and the University of Tartu have agreed on up to EUR 100 million financing for the construction and renovation of the university’s academic and research buildings in Estonia.NIB’s financing of EUR 40 million and CEB’s loan of EUR 60 million are earmarked for:
· the construction of the building complex in Maarjavälja, Tartu, that will host the staff and students of the University of Tartu Institute of Technology, Institute of Molecular and Cell Biology, Institute of Pharmacy, and Institute of Bioengineering;
