HELSINKI URBAN DEVELOPMENT

Redevelopment of urban areas to create mixed-use, energy efficient neighbourhoods for growing population and expanding companies and businesses. The project will comprise the reorganisation, improvement, upgrading and extension of municipal infrastructure and facilities. The sub-projects will form part of the city’s integrated development plans for the respective neighbourhoods.

Comments

Sector(s)

Urban infra.

Proposed EIB finance (Approximate amount)

EUR 125 million

Total cost (Approximate amount)

EUR 250 million

Environmental aspects

The selected sub-projects will be based on comprehensive urban regeneration and development strategies and plans. The question of the project (i) falling within a plan or a programme requiring a Strategic Environmental Assessment (SEA) in line with the EU Directive 2001/42/EC and/or (ii) falling under the Environmental Impact Assessment Directive 2011/92/EU will be further examined during appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings (recast) 2010/31/EU will also be further assessed during project appraisal.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 25/02/2013.

Related Documents

04-12-2012 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Kruunuvuorenrannan osayleiskaava FI
04-12-2012 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - VAIKUTUKSET LUONTOON JA VIRKISTYSALUEISIIN FI
04-12-2012 - pages 15-18, chapter 2 VAIKUTUKSET LUONTOON, MAISEMAAN, KASVI- JA ELÄINLAJEIHIN FI

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Conversion of former port areas into residential and commercial districts

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.