EIB loans 20 million Euro for Targu Mures University renovation
Specialist training and education of future generations of doctors and medical professionals at George Emil Palade University of Medicine, Pharmacy, Science, and Technology in Targu Mures will be supported by a 20 million Euro EIB financing to refurbish and upgrade the educational infrastructure and clinical laboratories on the campus, a release shows.
The latest European Investment Bank backing for higher-education investment was formally agreed at the EIB headquarters in Luxembourg by Professor Leonard Azamfirei, PhD, Rector of the George Emil Palade University of Medicine, Pharmacy, Science, and Technology and Christian Kettel Thomsen, European Investment Bank Vice President.
“George Emil Palade University of Medicine, Pharmacy, Science, and Technology of Târgu Mureş is a leading Romanian higher education institution, with a dynamic pace of development. The new EUR 20 million backing provided by the European Investment Bank will further strengthen our University and ensure the educational and medical infrastructure for innovative training of future generations of doctors and medical professionals, engineers, economists, teachers, lawyers. The new EIB support reflects the quality of education provided in Romania and will benefit thousands of students, masters and doctoral students, researchers, and resident doctors.” said Professor Leonard Azamfirei, PhD, Rector of the George Emil Palade University of Medicine, Pharmacy, Science, and Technology in Targu Mures.
“The European Investment Bank supports high-impact investment at leading universities across Europe. Upgrading the Faculty of Medicine at the George Emil Palade University will enhance medical education and improve the skills of future generations of doctors. The EIB looks forward to building on the successful implementation of the Romania Higher Education Programme loan and backing further academic and research investment at Romanian universities.” said Christian Kettel Thomsen, European Investment Bank Vice President.
The George Emil Palade University of Medicine, Pharmacy, Science, and Technology also benefitted from technical and financial advisory support provided by the European Investment Advisory Hub, a joint initiative of the EIB and the European Commission. EIB experts and external consultants provided the university with a comprehensive package of advisory support, facilitating the preparation of a sound investment proposal and accelerating its access to finance.