Release date: 7 December 2015
Promoter – Financial Intermediary
ROVANIEMEN KAUPUNKILocation
Description
The project concerns the financing of multi-sectoral investment schemes forming part of the City of Rovaniemi's multi-year investment programme.
Objectives
The project is expected to comprise small to medium-sized schemes in the fields of municipal infrastructure, housing, kindergartens, schools, environmental protection, and will benefit the Municipality of Rovaniemi.
The Municipality's long-term investment strategy aims at modernising the municipality's basic infrastructure and improving the quality of public services. The plan is based on the Rovaniemi Municipality's Master Plan, which was originally made in 2006 and updated in 2012. The Master Plan covers most of the areas under municipal competence - public transport, municipal roads, schools, childcare, public spaces, renovation of cultural heritage, reconstruction of social facilities, climate action, etc.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 230 million
Environmental aspects
Finland, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives 2011/92/EU Directive and 2001/42/EC).
The Bank's appraisal will focus on the Promoter's environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings - recast (2010/31/EU) will be further examined during appraisal.
Procurement
The Bank will require the Promoter, as a public administration entity, 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 and/or 2004/17/EEC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where appropriate. The details would be reviewed by the Bank's services during appraisal.
Status
Signed - 20/05/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).