ESPOO EDUCATION INFRASTRUCTURE

Promoter – Financial Intermediary

ESPOON KAUPUNKI

Location

• Finland

Description

The project comprises the construction of new schools and daycare centres and the refurbishment and/or extension of existing schools.

Objectives

The project supports the implementation of the city of Espoo's education strategy and comprises the construction of four new pre-schools/daycare centres (of which one will be open 24/7) and three new comprehensive schools, the extensions of three school campuses and the refurbishment of one comprehensive and one upper secondary school in Espoo over the period 2016-2020.

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

EUR 140 million

Total cost (Approximate amount)

EUR 358 million

Environmental aspects

Schools are not specifically mentioned in Directive 2011/92/EU on environmental impact assessment (EIA), though the project may be covered by Annex II of the directive in relation to urban development. The Bank's services will verify during appraisal the screening decision of the competent authority and whether an EIA is required. It is expected that the project will have positive social benefits as education is an element of social cohesion.

The public buildings will be required to at least meet the minimum national targets concerning energy efficiency. The design energy performance of the schools and any specific related targets to be met will be verified during 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 (Directives 2004/18/EC and/or 2004/17/EC 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 Official Journal of the EU, as and where required.

Status

Signed - 9/06/2016