The project consists of the construction of one new building and renovation of existing university buildings on the Otaniemi campus of Aalto University in Espoo, Finland.
Objectives
The project supports Aalto University's decision to consolidate its activities and operations to the Otaniemi campus and improves the availability of modern premises for university teaching and research.
Comments
Sector(s)
Health, Education
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 270 million
Environmental aspects
The project primarily concerns research activities that will be carried out within existing facilities. An EIA is therefore not required in accordance with the EIA Directive 2011/92/EU. However, parts of the investment may cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank's services will verify during appraisal whether an EIA is required for any component of the project.
Procurement
The promoter is required to respect national and European procurement legislation. The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been tendered, or will be tendered, in accordance with the relevant EU procurement legislation.
Status
Under appraisal
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20/11/2012.
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).
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